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January 26, 2015

Inversiones Centenario obtains financing for US$200 million

Miranda & Amado Abogados has advised Itaú Unibanco, which acted as sole lead arranger of a banking syndicate, in the lending of US$200 million to Peruvian real estate developer Inversiones Centenario. The others banks involved were Banco de Crédito del Perú – as administrative agent – as well as Banco Santander, Bancolombia, Scotiabank Perú, Banco Internacional del Perú (Interbank) and Corpbanca.

The loan will be used to repay other credit facilities obtained by the real estate investor, as well as for working capital. It was structured under a guarantee issued by real estate trust Multimercados Zonales.

Itaú Unibanco was advised by partner José Miguel Puiggros and associates Lisbeth Benavides and Daniela Higueras from Miranda & Amado Abogados; with co-counseling from the New York office of Holland & Knight LLP.

The deal closed on December 16th, 2014.