Market: Peru

Avianca emerges from Chapter 11 restructuring

Five offices of US firm Milbank, Gómez-Pinzón in Bogotá, four offices of Central American firm BLP and Jones Day (Mexico) have helped Latin American airline Avianca emerge from its Chapter 11 restructuring process and eliminate debt worth more than US$1 billion.

10 January 2022

Miranda & Amado structures debt programme for Peruvian bank

Miranda & Amado has helped Scotiabank arrange the first programme of debt instruments worth up to US$200 million for ICBC Peru Bank, a subsidiary of Chinse capital bank Industrial Commercial Bank of China, as well as its first issuance of deposit certificates worth up to 100 million soles (US$25 million).

07 January 2022

Miranda & Amado seals Peruvian cement loan

Banco de Crédito del Perú and the local branch of Scotiabank have hired Miranda & Amado to lend 860 million soles (US$211 million) to cement producer Cementos Pacasmayo.

05 January 2022

Rodrigo Elías stars in Peruvian mall operator’s inaugural debt tap

Peruvian firm Rodrigo, Elías & Medrano Abogados has advised Scotiabank as the sole placement agent in local mall operator Multimercados Zonales’ (Minka) first-ever bond issuance worth 300 million soles (US$75 million).

16 December 2021

CMS Grau promotes insolvency partner in Peru

Peruvian Highly Recommended firm CMS Grau has promoted a bankruptcy counsel to its senior rank, less than a month after it appointed two real estate partners.

09 December 2021

Azul backs off from LATAM offer after restructuring filed

Two days after South America’s largest airline LATAM submitted a Chapter 11 plan in New York, one of its Brazilian competitors has backed off from an offer to combine with the Chile-headquartered company.

08 December 2021

Peruvian builder gets US$190 million loan

Simpson Thacher & Bartlett LLP in New York and Rodrigo, Elías & Medrano Abogados in Lima have helped Peruvian construction company Urbanova obtain a US$190 million loan from a syndicate of 10 banks.

06 December 2021

Familiar firms return for Peru’s sovereign social bonds

Paul Hastings LLP in New York and Rebaza, Alcázar & De las Casas in Lima have helped the Republic of Peru raise 1 billion euros (US$1.1 billion) in a sovereign social bond issuance, less than a month after it offered its first sustainable debt.

02 December 2021

Peruvian agribusiness loan calls on four firms

Peruvian agricultural exporter Ecosac has relied on Linklaters in New York and Rubio Leguía Normand in Lima to obtain a US$94 million loan.

26 November 2021

LATAM Airlines gets additional US$750 million DIP financing

LATAM Airlines has hired several international and Latin American law firms to obtain an additional US$750 million debtor-in-possession (DIP) financing, part of the aviation group’s Chapter 11 bankruptcy proceedings.

24 November 2021

Unlock unlimited access to all Latin Lawyer content