10 febrero, 2020 Perú

Peruvian agribusinesses fund expansion

Derecho Financiero, Bancario y Mercado de Capitales

Two Peruvian agribusiness companies belonging to local conglomerate Migiva Group have hired Holland & Knight LLP in New York and Rebaza, Alcázar & De Las Casas in Lima to obtain a loan worth US$53 million.

The lender, Metropolitan Insurance Life, enlisted Philippi Prietocarrizosa Ferrero DU & Uría (Peru) for the deal, which closed on 9 January. US law firm Landay Leblang Stern LLP is also thought to have helped the lender, but it did not reply prior to publication.

The two borrowers, Ozblu Perú and Agrícola Andrea, obtained US$29 million and US$24 million respectively of the credit facility.

The companies will use the loan to pay for other debt and make investments to expand their businesses. Ozblu focuses on blueberry production, while Agrícola Andrea produces a range of fruits, as well as asparagus and pecans.

Counsel to Ozblu Perú and Agrícola Andrea

In-house counsel – Arabella Gonzáles

Holland & Knight LLP

Partners Stephen Double and Lance Myers in New York

Rebaza, Alcázar & De Las Casas

Partner Alberto Rebaza and associates Ana María Sánchez and Valeria Sánchez

Counsel to Metropolitan Insurance Life Company

In-house counsel – Julie Formwalt

Philippi Prietocarrizosa Ferrero DU & Uría (Peru)

Partners Ignacio López de Romaña and Jorge Reategui, and associate Augusto Iberico in Lima

Fuente: Latin Lawyer

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