Home Legal Advice Clifford Chance advises on US$350 million financing to develop Peruvian Red Vial...

Clifford Chance advises on US$350 million financing to develop Peruvian Red Vial No. four toll street undertaking

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Leading global legislation agency Clifford Chance has suggested Sumitomo Mitsui Banking Corporation (SMBC), Credicorp Capital Servicios Financieros, Banco de Crédito del Perú, Banco Santander, S.A., Itaú Corpbanca New York Branch, Inter-American Investment Corporation, Crédit Agricole Corporate and Investment Bank and ING Bank N.V., Dublin Branch, in reference to a US$350 million senior secured financing to Autopista del Norte S.A.C., a subsidiary of Aleatica. The Firm additionally suggested SMBC on its participation agreement with Peruvian Development Bank, COFIDE.

The funds shall be used to refinance the prevailing facility supplied to the Autopista del Norte to develop the Red Vial No. four toll street undertaking in Peru, and to finance sure enlargement works. The transaction closed on August 13, 2020.

The Red Vial toll street undertaking is a 25-year concession which connects Pativilca and Puerto Salaverry alongside the Peruvian coast.

A multi-disciplinary Clifford Chance staff throughout the New York and Washington, DC workplaces suggested on this transaction as follows:

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