Cuatrecasas counsels Delfin on $15M bond
Cuatrecasas Peru has advised Delfin Amazon Cruises, a luxury cruise operator on the Amazon River, on structuring and launching its “First Delfin Securitized Bond Program,” targeting up to USD 15 million in financing through the issuance of securitized bonds.
The transaction marks Delfin Amazon Cruises’ debut in the securitized debt market, representing a notable capital markets milestone for the Peruvian tourism and river cruise sector.
Delfin Amazon Cruises operates luxury river cruise vessels along the Amazon, catering to high-end tourism in the Peruvian Amazon basin. The securitized bond program provides the company with access to institutional capital markets as a structured financing alternative, diversifying its funding sources beyond traditional bank lending.
The team from the Lima office advising on this launch was comprised of Aldo Reggiardo (pictured), Giorgio Balza, Guido Maeda, Enzo Rodriguez, and Camila Patiño.
Securitization structures in Peru allow companies to isolate specific assets or cash flows into a special purpose vehicle, which then issues bonds to investors — a mechanism increasingly used by non-financial corporates seeking competitive financing terms in the local market.
