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Peru LNG receives loan from the Banco de Credito del Peru

May 8, 2018

Peru LNG receives loan from the Banco de Credito del Peru

On March 22, Peru LNG S.R.L. received a loan for working capital for an amount of USD 75 million from Banco de Credito del Peru.

In the operation, the borrower received support from DLA Piper Pizarro Botto Escobar. The lender and Credicorp Capital Servicios Financieros S.A., which acted as structuring the financing, appealed to Miranda & Amado Abogados.

DLA Piper Pizarro Botto Escobar said that the resources will be used to finance the capital needs of Peru LNG, which will be used for general corporate purposes and for the granting of loans and the issuance of bank guarantees (letters of credit, letters of guarantee or stand- by letters).

Founded in 2003, Peru LNG operates a liquefied natural gas processing plant in Peru, a maritime terminal and a 408-kilometer gas pipeline.

Last March, the company issued bonds for USD 940 million in international markets, at an interest rate of 5.375% and maturity in 2030, according to a LexLatin report.

Legal advisors

Advisors of Peru LNG:

DLA Piper Pizarro Botto Escobar: Partners Ricardo Escobar and Sergio Barboza. Principal Associate Sheila Espinal. Senior Associate Melissa Padilla. Associate Farah Torres. Junior Associate Ricardo Mercado.

Advisors of Banco de Credito del Peru and Credicorp Capital:

Miranda & Amado Abogados: Members Juan Luis Avendaño Cisneros and José Miguel Puiggros Otero. Senior associate Álvaro Del Valle Roeder. Associate Gabriel Boucher Calamo