Lima Airport Partners (LAP)’s $450 Million Syndicated Loan


Rodrigo, Elías & Medrano, Paul Hastings, Milbank and Garrigues advised on the transaction

Lima Airport Partners (LAP), part of the Fraport Group since 2001, has signed a US$450 million financing agreement for its airside development programme at Jorge Chávez International Airport in Lima, Peru.

The credit facility has been provided by four international banks: KfW IPEX-Bank, the Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation (SMBC), and Banco Bilbao Vizcaya Argentaria.

SMBC acted as financial advisor.

Rodrigo, Elías & Medrano advised Lima Airport Partners S.R.L. (LAP) with a team including Fernando Molina (Picture), José Talledo Vincewsy Alejandro Manyalle, Nicolás Cornejo Germer and Fiorella Monge.

Paul Hastings advised the LAP in US.

Milbank advised KfW IPEX-Bank GmbH, The Bank of Nova Scotia (Scotiabank), Sumitomo Mitsui Banking Corporation and Banco Bilbao Vizcaya Argentaria, S.A. with Daniel D. Bartfeld, Fernando Capellão and Natalia Rodríguez Pastrana.

Garrigues advised KfW IPEX-Bank GmbH, The Bank of Nova Scotia (Scotiabank), Sumitomo Mitsui Banking Corporation and Banco Bilbao Vizcaya Argentaria, S.A. with Oscar Arrús, Thomas Thorndike, Diego Harman, Carolina Pérez-Taimán, María Fernanda Tamayo, Eduardo Ortega and Lissy Vega Centeno.

Involved fees earner: Oscar Arrús – Garrigues; Lissy Vega Centeno Esquivel – Garrigues; Diego Harman – Garrigues; Eduardo Ortega – Garrigues; Carolina Pérez-Taiman – Garrigues; Maria Fernanda Tamayo Morote – Garrigues; Thomas Thorndike – Garrigues; Daniel Bartfeld – Milbank; Fernando Capellão – Milbank; Nicolas Cornejo – Rodrigo, Elías & Medrano Abogados; Alejandro Manyalle – Rodrigo, Elías & Medrano Abogados; Fernando Molina – Rodrigo, Elías & Medrano Abogados; Fiorella Monge – Rodrigo, Elías & Medrano Abogados; José Talledo – Rodrigo, Elías & Medrano Abogados;

Law Firms: Garrigues; Milbank; Rodrigo, Elías & Medrano Abogados;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva); KfW IPEX-Bank GmbH; Lima Airport Partners S.R.L. ; Scotiabank; Sumitomo Mitsui Banking Corporation;

Author: Ambrogio Visconti.