Inversiones La Rioja’s $65 Million Loan


Muñiz, Ramírez, Pérez -Taiman & Olaya and Philippi Prietocarrizosa Ferrero DU & Uría advised on the transaction

Inversiones La Rioja secured a $65 Million loan from Banco de Crédito del Perú (BCP).

Proceeds will be used to redeem the 2013 Notes.

BBVA Banco Continental acted as deal manager, and Scotia Perú Sociedad Titulizadora acted as trustee on the bond Redemption.

Inversiones La Rioja S.A. engages in the development, construction, and operation of hotels in the Peruvian cities of Lima and Cusco. It owns and operates the JW Marriott Lima, JW Marriott Cusco, and Courtyard by Marriot hotels.

Muñiz, Ramírez, Pérez -Taiman & Olaya Abogados advised Inversiones La Rioja with Andrés Kuan-Veng (Picture), Gillian Paredes, Jorge Otoya, Mercedes Fernández and Alesandra Azcárate.

Philippi Prietocarrizosa Ferrero DU & Uría advised Banco de Crédito del Perú with Ronald Fernández-Dávila, Gabriela Cuadros and Fiorella Ruiz.

The firm also advised BBVA Banco Continental and Scotia Perú Sociedad Titulizadora with Antonio Guarniz and Paulo Isla.

Involved fees earner: Andrés Kuan-Veng Cabrejo – Muñiz, Ramírez, Pérez -Taiman & Olaya; Gillian Paredes Guerrero – Muñiz, Ramírez, Pérez -Taiman & Olaya; Alesandra Azcárate – Muñiz, Ramírez, Pérez -Taiman & Olaya; Mercedes Fernández Moscol – Muñiz, Ramírez, Pérez -Taiman & Olaya; Jorge Otoya Cabrera – Muñiz, Ramírez, Pérez -Taiman & Olaya; Ronald Fernández-Dávila – Philippi Prietocarrizosa Ferrero DU & Uría; Gabriela Cuadros – Philippi Prietocarrizosa Ferrero DU & Uría; Fiorella Ruiz del Campo – Philippi Prietocarrizosa Ferrero DU & Uría; Antonio Guarniz – Philippi Prietocarrizosa Ferrero DU & Uría; Paulo Isla Rodríguez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Muñiz, Ramírez, Pérez -Taiman & Olaya; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Banco de Crédito del Perú; BBVA Continental; Inversiones La Rioja S.A.; Scotia Sociedad Titulizadora S.A.;

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Author: Ambrogio Visconti.