Estudio Echecopar represents syndicated loan to Agrícola Cerro Prieto Group
Estudio Echecopar, associated with Baker & McKenzie International, has advised Banco BBVA Perú, Banco Internacional del Perú, and Inter-American Investment Corporation (lenders) on a $40 million syndicated loan to Agrícola Cerro Prieto, Qali Fruits, and Cerro Prieto Colombia.
The loan is secured by a cash flow trust, an asset trust, and guarantees provided by certain subsidiaries of Agrícola Cerro Prieto under Peruvian and Colombian law.
As part of this transaction, the lenders requested the modification of a previous loan agreement executed with the same borrowers in 2021 for a total amount of $160 million, aiming to standardize the terms of both loans.
The transaction was led by Estudio Echecopar’s Lima office with support from their Bogotá team. The Lima team consisted of Marco Alarcón (pictured), Adrián Tovar, and Ana Paula Saavedra, while the Bogotá team included Ricardo Trejos and Victoria Luque.
