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February 10, 2016

Metro de Lima obtains revolving credit facility

Miranda & Amado has advised Credicorp Capital Servicios Financieros S.A. and Banco de Crédito del Perú in connection with the structuring and granting of a revolving credit facility in favor of Metro de Lima Línea 2 S.A. for an amount of up to S/ 100 million (approximately USD 28.7 million at the current exchange rate).

The proceeds of the financing will be used by the company in order to finance the payment of Value Added Tax (VAT) within the context of the construction and development of the underground railway project “Linea 2 del Metro de Lima y Callao”.

The following lawyers of Miranda & Amado participated in the transaction: partners Jose Miguel Puiggros and Pablo Sotomayor and associates Victor León Chiri and Ignacio Nuñez Arena.