Baker McKenzie advises Darby on $30m Abengoa Perú loan
Peruvian law firm Estudio Echecopar, a Baker McKenzie associated firm, advised Darby Latin American Private Debt Fund III on a $30 million loan to Abengoa Perú and Omega Peru Operación y Mantenimiento.
The loan will be used for the repayment of existing debt and to finance working capital and capital expenditures.
The transaction included signing collaterals under Peruvian law as a guaranty of payment, such as a pledge over bank accounts of the borrowers, and a trust over, among others, account receivables and shares issued by the borrowers, and the building owned by Abengoa Peru.
The transaction involved precise coordination with existing lenders to be repaid with proceeds of the disbursement , according to Estudio Echecopar.
Darby Private Equity is a US-based private equity firm with offices in Washington, DC and Miami, as well as in Mexico City, and which has invested in diverse sectors in Latin America.
Abengoa Peru is the local subisidiary of the Spanish listed renewable energy and infrastructure company, while Omega Peru Operación y Mantenimiento is a Peruvian subsidiary of Abengoa focused on the operation and maintenance of electricity transmission lines.
Darby was also advised by law firm Clifford Chance.
