Terminal Portuario Paracas’s $183 Million Loan


Clifford Chance, Miranda & Amado, Mayer Brown, Jones Day and Benites, Vargas & Ugaz advised on the transaction

Terminal Portuario Paracas S.A. secured a $183 Million Loan with Banco Santander S.A. and Corporación Andina de Fomento (CAF) with the participation of Corporación Financiera de Desarrollo del Perú (Cofide) in order to finance the development and upgrade of Puerto General San Martín de Pisco project.

Terminal Porturario Paracas S.A. is a consortium comprised of Servinoga S.L., Pattac Empreendimentos e Participações S.A., Tucumán Engenharia e Empreendimentos Ltda. and Fortesolo Servicios Integrados Ltda.

The consortium was awarded for the $100 Million concession of San Martín port in Pisco.

Miranda & Amado advised Banco Santander, Corporación Andina de Fomento (CAF) and Corporación Financiera de Desarrollo (Cofide) with José Miguel Puiggros Otero (Picture), Isabel Lira Miro Quesada, Lisbeth Benavides Kolind-Hansen and Gabriel Boucher Cálamo.

In Spain, Clifford Chance advised Banco Santander and Corporación Andina de Fomento (CAF) with José Guardo, Eduardo Sánchez and Beatriz González Castañares.

Mayer Brown advised Corporación Financiera de Desarrollo (Cofide) with Christopher Erckert and Monique Mulcare.

Jones Day advised Terminal Portuario Paracas S.A.with Fradyn Suarez, Fernando Lillo, Nicolás Espina, Jessica Mendoza, Andrea Ostolaza and Sergio Cires.

In Lima, Benites, Vargas & Ugaz advised Terminal Portuario Paracas S.A. with Martín Mayandía Burns, Roberto Valderrama Lozada and José Francisco León Pacheco.

Involved fees earner: Martin Mayandia Burns – Benites Vargas & Ugaz; Roberto Valderrama Lozada – Benites Vargas & Ugaz; José Francisco León Pacheco – Benites Vargas & Ugaz; José Miguel Puiggros Otero – Miranda & Amado Abogados; Isabel Lira Miro Quesada – Miranda & Amado Abogados; Gabriel Boucher – Miranda & Amado Abogados; Lisbeth Benavides – Miranda & Amado Abogados; Christopher Erckert – Mayer & Brown; Monique Mulcare – Mayer & Brown; Fradyn Suárez – Jones Day; Fernando Lillo – Jones Day; Nicolás Espina – Jones Day; Jessica Mendoza – Jones Day; Sergio Cires – Jones Day; José Guardo – Clifford Chance; Eduardo Sánchez – Clifford Chance;

Law Firms: Benites Vargas & Ugaz; Miranda & Amado Abogados; Mayer & Brown; Jones Day; Clifford Chance;

Clients: Banco Santander Sa; Corporación Andina de Fomento (CAF); Corporación Financiera de Desarrollo S.A.; Terminal Portuario Paracas S.A.;

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Author: Ambrogio Visconti.