Echecopar assists in loan granted to Skanon Investments
Estudio Echecopar, associated with Baker & McKenzie International, has assisted Banco BBVA Perú, BBVA Securities and lenders, in a loan granted to Skanon Investments for the acquisition of Martin Marietta Southern California Cement, a Delaware limited liability company.
BBVA Securities participated in the loan agreement as sole lead arranger, joint bookrunner and global coordinator; The Bank of New York Mellon acted as administrative agent; Citibank del Perú as collateral agent; and Bank of Nova Scotia and Banco de Crédito e Inversiones Sucursal Miami, as senior mandated lead arrangers and joint bookrunners.
In addition to the security granted pursuant to the loan agreement, the transaction involved the granting of a joint and several surety bond, subject to Peruvian law, whereby Unacem Corp and Unacem Peru guaranteed all Skanon obligations under the financing documents.
Echecopar’s team consisted of partner Marco Alarcón (pictured left), senior associate Adrián Tovar (pictured right) and associate Lara Sarlui.
