Coney Island team

Several firms on financing for Coney Island Attractions

Several firms in Peru, Colombia and Chile have advised on a medium-term syndicated loan of up to S/ 175,000,000.00 granted by Scotiabank Peru and Banco Santander in favour of Coney Island Attractions.

The proceeds of the loan will be used primarily for the refinancing of existing debt of Coney and its related company, Divertrónica Medellín, and the construction or refurbishment of new amusement parks in Peru, Chile and Colombia.

This transaction closed on 21 February. TMF FiduPeru, TMF Colombia and TMF Chile acted as structuring agents; Misti Capital acted as financial advisor; Atracciones Coney Island (Peru), Divertrónica Medellín (Colombia) and Yukids (Chile) acted as guarantors; and La Fiduciaria (Peru) and Fiduciaria Scotiabank Colpatria (Colombia) acted as trustees.

The loan is backed by various guarantees under the legislation where the aforementioned companies operate, affecting their shares, certain brands, and certain flows generated by the operation of their wind farms, as well as joint and several guarantees granted by such companies.

Hernández & Cía., together with Holland & Knight and Morales & Besa, acted respectively as advisors to the structuring agents and lenders in Peru, Colombia and Chile. Payet Rey Cauvi Pérez Abogados (PRCP), Posse Herrera Ruiz (PHR) and Barros & Errázuriz acted as advisors to the companies in Peru, Colombia and Chile, respectively.

Coney is a company dedicated to produce, promote and commercialise electromechanical attractions, owner of the chain of mechanical parks ‘Coney Park’, and, through its related companies -Divertrónica and Yukids-, has operations in Colombia and Chile. It is also part of the economic group of The Carlyle Group, an important global investment manager.

Hdz & Cía’s team advising the structurers comprised senior associate Julien Labory-Alicq and associate Rafaela Chumpitazi; while partner Jose Goyburu (pictured top left), senior associate Andrea Limón and associate Flavio Castañeda advised the lenders.

H&K Colombia’s team advising the structurers was led by partner Camilo Gantiva (pictured top centre, left), with support from associates Juan Fontecha and Simón Escobar. Partner Juliana Saa (pictured top centre, right) and associate Camilo Ballesteros acted as advisors to the lenders.

Morales & Besa’s team advising TMF included partner Myriam Barahona (pictured top right) and associates Daniel Pardo and María Schafer; partner José Miguel Carvajal (pictured bottom left) and associates Felipe Cousiño and Camila Pereira advised the lenders.

PRCP’s team was represented by partner Susan Castillo (pictured bottom centre, left) and principal associate Rocío Gordillo.

PHR’s team comprised partner Natalia Escobar (pictured bottom centre, right), together with associates Juan José Huertas and Jordi Buitrago.

B&E’s team was led by partner Lucas Marinovic (pictured bottom right), with support from senior associate Albert Harsch and associate Carol Urzú.

L Giselle Estrada