Aldo Reggiardo

Cuatrecasas counsels Exolum on fuel project for Lima airport

Cuatrecasas has counselled Exolum on the structuring and implementation of the project financing for the construction of the new fuel plant at Jorge Chávez International Airport in Lima (Peru).

The financing, granted by BBVA and Banco Santander, in the amount of US$90 million, is subject to Spanish law, while the guarantee package and the trust are governed by Peruvian law.

“The transaction has been particularly complex because it is not a project finance transaction that depends directly on a concession contract, which is the standard structure in Peru,” said Aldo Reggiardo, lead partner of the transaction in Lima.

Cuatrecasas’ team was led by partners Aldo Reggiardo (pictured) and Carlos Lasarte from the Lima and Madrid offices, respectively; with the support of lawyers Juan González Barredo and Miguel Gonzalo, from Madrid; and Angélica Congrains, Alejandro Zorrilla, Valeria Abarca and Vasco Mariátegui, from Lima.

L Giselle Estrada