Clifford Chance in consent solicitation to Petroperú noteholders
Clifford Chance has advised Petróleos del Perú – Petroperú on a consent solicitation to the holders of its 4.750% Notes due 2032 and 5.625% Notes due 2047.
As a result of this transaction, Petroperú was able to obtain the required consents from the holders to amend certain provisions of the indentures governing the Notes, as well as to enter into supplemental indentures that will become effective, upon payment of a customary consent fee, only if Petroperú does not deliver its audited financial statements for the 2022 fiscal year by the end of July 2022.
Clifford Chance’s team included partner Hugo Triaca (pictured), associate Joyce Moore and law clerk Maria Fernanda Gadea Rivera in New York.
