PPU instructed on Scotiabank´s $40m loan to Peruvian fishing company
Philippi Prietocarrizosa Ferrero DU & Uría advised Scotiabank on $40 million to Tasa, a Peruvian fishing company.
Tecnológica de Alimentos (Tasa) is one of the largest fishing companies in Peru and one of the main exporters of fishmeal worldwide. It is a subsidiary of the Brescia Group.
The 40 million loan will be used by the company as working capital. It was guaranteed by a guarantee over certain fishing vessels of the borrower.
Partner Ignacio López de Romaña led the PPU team advising Scotiabank.