Andrews Kurth Represents Banco Financiero S.A. in Obtaining a $40 Million Loan Facility from Banco Latinoamericano de Comercio Exterior, S.A. in Perú

(Washington, DC)—On November 27, 2014, the Banco Financiero del Perú S.A. (“Banco Financiero”) closed on a US$40 million secured loan facility arranged by Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex”), a Panamanian bank that led an international consortium of lenders including Banco Aliado, S.A.; Bancaribe Curacao Bank, N.V.; ICBC Perú Bank; KFW IPEX-BANK GMBH; and Multibank, Inc. Bladex also served as administrative agent and collateral agent. The facility provides for shared security in a portfolio of loans (garantia mobiliaria) with security interests created under Perú’s secured transactions laws. 

The proceeds of the loan will be used for the purpose of financing Banco Financiero’s trade transactions in Perú.

The U.S. based firm of Andrews Kurth LLP, and the Peruvian firm of Pizarro, Botto & Escobar Abogados advised Banco Financiero on the financing.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Doris Rodríguez, Partner

Eric R. Markus, Partner

Ignacio Hirigoyen, Associate

Pizarro, Botto & Escobar Abogados, Banco Financiero’s Peruvian Counsel:

Ricardo Escobar, Partner

Melissa Padilla, Associate

The law firms of Muñiz, Ramirez, Perez-Taiman & Olaya Abogados, represented the Lender as Peruvian Counsel and Holland & Knight LLP, represented the Lender as New York counsel.

As released by the former Andrews Kurth Kenyon LLP