Philippi Prietocarrizosa Ferrero DU & Uría (Peru) has helped Peruvian higher education group Desarrollo Educativo obtain financing worth 330 million soles (US$98 million).
The deal closed on 30 December.
The proceeds will be used to prepay existing debt, as well as to fund capital expenditures and other general corporate purposes.
The deal comes amid continued activity in Peru’s finance market. Last month, five White & Case LLP offices and Peru’s Rodrigo helped US investor EIG Global obtain funds to complete its acquisition of a stake in Transportadora de Gas del Perú from Canada’s CPP Investments. The lenders relied on three Latham & Watkins LLP offices and Peru’s Miranda & Amado. Also in December, Peruvian power company Fenix secured a US$200 million credit facility to refinance existing debt. Milbank in New York and Miranda & Amado in Lima helped the borrower, while international firm A&O Shearman and Peru’s Echecopar assisted the lenders.
Counsel to Desarrollo Educativo
Philippi Prietocarrizosa Ferrero DU & Uría (Peru)
Partner Antonio Guarniz and associate Mario Arce
