Philippi Prietocarrizosa Ferrero DU & Uría Peru represented Pierplast in obtaining a medium-term syndicated loan of up to USD 18 million from Banco Santander Peru, Scotiabank Peru and BD Credito.
Thanks to this transaction, signed on 7 November and closed on 15 November, Pierplast will be able to prepay its existing loans.
Estudio Hernández Cia also participated in the transaction.
The advice also involved assistance with the Loan Agreement, the Security Agreements, the amendments to the trust agreements and any related collateral.
PPU’s team was led by partner Rafael Boisset (pictured), with support from associates Alessandro Mussio and Steven Hu.
