Alonso Miranda and Luis Ernesto Marín

Echecopar counsels on $40m loan to Jockey Plaza

Estudio Echecopar, associated with Baker & McKenzie International, has counselled Credicorp Capital Servicios Financieros and Banco Santander Peru, as arrangers, on a syndicated loan for up to $40 million US dollars granted by Banco de Crédito del Perú and Santander in favour of Administradora Jockey Plaza Shopping Center.

The loan will be used to prepay an existing loan granted by the same lenders to Jockey Plaza in 2021 and for other corporate uses.

The syndicated loan is secured by a collateralised trust property comprising certain real estate owned by Jockey Plaza, which, through a master security agreement, also secures Jockey Plaza’s obligations under the corporate bonds issued under its corporate bond programme.

Administradora Jockey Plaza Shopping Center is a real estate company focused on the development, management and operation of shopping centres. The company currently manages Jockey Plaza Shopping Center and Boulevard Asia Shopping Center, the latter through its subsidiary Inversiones Castelar, which it acquired in October 2019.

Echecopar’s team comprised partner Alonso Miranda (pictured right), of counsel Luis Ernesto Marín (pictured left) and associate Ana Paula Saavedra.

Echecopar counsels on $40m loan to Jockey Plaza

L Giselle Estrada

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