PPU acts in $10m credit facility to Inversiones La Cruz

Philippi Prietocarrizosa Ferrero DU & Uría Peru has acted as advisor to Accial Capital, in the granting of a new credit facility in favor of Inversiones La Cruz Group, granted jointly with Blue like an Orange Sustainable Capital, for up to USD $10 million.

This extension was implemented as a new tranche of an existing financing regulated under the rules of the New York jurisdiction, which with the present transaction would amount to more than USD $20 million. The transaction closed on January 10.

The proceeds from the financing will enable Grupo Inversiones La Cruz to continue to carry out its operations and consolidate its presence in the country. The transaction is evidence of Accial Capital and Blue like an Orange Sustainable Capital’s interest in strengthening and contributing to the microfinance sector in Peru.

PPU’s team was composed of partner Rafael Puiggros (pictured), senior associate Sergio Rodríguez, and associate Daniella Ginocchio.