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Vidriería 28 de Julio receives long-term loan

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April 23, 2018

Vidriería 28 de Julio receives long-term loan

Vidriería 28 de Julio S.A.C. (Corporación Furukawa) received long-term financing for an amount of USD 21 million from Banco de Credito del Peru and Banco Santander Perú S.A.

The operation closed on March 1 with the participation of DLA Piper Pizarro Botto Escobar, on behalf of the borrower. The firm was responsible for the negotiation of financing and guarantee agreements, including an escrow agreement for collateral and a trust fund agreement.

The lenders were advised by their internal legal teams.

The financing will be destined to cancel financial liabilities and working capital to cover investments, after a greater demand of the buildings sector.

Furukawa Corporation operates since 1950 supplying glass to the construction industry. The name of the beneficiary of the loan is due to the location of the group’s first store, on Av. 28 de Julio, in the district of La Victoria, in Lima.

The company has four business lines: distribution, buildings, aluminum and decoration. Its offer includes glass, glass, cathedrals, mirrors and aluminum profiles, among others.

Legal advisors

Asesores de Vidriería 28 de Julio S.A.C. (Furukawa Corporation):

DLA Piper Pizarro Botto Escobar: Partner Sergio Barboza Beraún. Associate Juan Carlos Ramírez Malatesta.
Advisors of Banco de Credito del Peru:

Lawyer in-house: Dana María Izaga.
Advisors of Banco Santander Perú S.A .:

Lawyer in-house: César Cucirramos.

 

Read the full story here:

https://lexlatin.com/portal/en/noticias/vidriera-28-de-julio-recibe-prestamo-de-largo-plazo

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