CMS Grau advised Banco de Crédito del Perú (“BCP”) as lender in the structuring, negotiation and disbursement of a medium-term loan up to the sum of de USD 17 MM in favor of certain members of the Inkaterra Group: (i) Inka Terra Perú S.A.C.; (ii) Operadora Inka S.A.C.; and, (iii) Palma Real S.A.C. (the “Borrowers”), which will be destined to different corporate uses.
Grupo Inkaterra, to which the Borrowers belong, is one of Peru's best known luxury hotel chains with hotels in Cusco, Machu Picchu, the Valle Sagrado and Tambopata.
The collateral package included (i) a tailor-made pledge over certain cash flows; (ii) a surety bond; and, (iii) an addendum to the existing trust.
The closing of the transaction occurred on June, 27, while the disbursement of funds occurred on July, 2.
External Legal Advisors for BCP:
CMS Grau: Partner Miguel Viale, and team composed of Cinthia Cánepa and Pablo Martínez.
Internal Legal Advisors for BCP:
Giacomo De Bernardis Bassi, Guillermo Flores Reyes, Melissa Calderón, Claudia Almendariz y Mariana Castro Calle.
Internal Legal Advisors for beneficiaries:
Sugey Gutiérrez.
