Rubio Leguia Normand advised Ecosac Agrícola and Eco Acuícola in obtaining a syndicated loan from Inter-American Investment Corporation - IDB Invest and DEG - Deutsche Investitions-und Entwicklungsgesellschaft mbH as lenders. Coöperatieve Rabobank U.A. also participated in the operation.
The loan, subject to New York law, included local in rem security agreements a collateral.
The Ecosac Group, founded more than 20 years ago, is dedicated to the agrobusiness,
standing out in the production of mango, grapes, piquillo peppers, bell peppers and paprika, as well as in shrimp aquaculture.
Linklaters also participated as US Counsel to the borrowers. The lenders were advised by Miranda & Amado in Peru and Clifford Chance in the US.
This transaction is one of the landmark deals in the agrobusiness sector for year 2021.
"This transaction is of particular importance as it will contribute to the growth and sustainability of the companies in the coming years."
"We are fully convinced that agribusiness is a strategic and key sector in the national economy and that the growth it has experienced require deep level of expertise in financial, tax, land and contractual matters, among others. Our law firm has assembled a multidisciplinary work group that has successfully advised several deals in agribusiness, which allows us to position ourselves as one of the top and most experienced teams in the field".