Echecopar acts on $32m refinancing for Jockey Plaza Shopping Center
Estudio Echecopar, associated with Baker & McKenzie International, acted as advisor to Banco BBVA Perú and Banco de Credito del Perú on a US$32 million syndicated loan to Administradora Jockey Plaza Shopping Center.
The loan will refinance a 2022 syndicated loan and prepay short-term debts.
In the framework of the loan, a guarantee was granted in favor of Banco BBVA Perú and Banco de Crédito del Perú through their incorporation as secured lenders under a Master Guarantee Agreement. In order to extend the guarantee to the lenders, several documents had to be executed, including the participation of the Collateral Agent.
The structuring of the loan was particularly complex due to the short time frame for the lenders to disburse the loan in order to maintain the agreed rate and the management of several parties involved in the loan, including the previous lenders, the current lenders and the Collateral Agent.
Echecopar’s team included partner Alonso Miranda (pictured left) and associate Lara Sarlui (pictured right).
