Clifford Chance Advised Itaú And Banco Santander On Syndicated Loan For Real Estate Companies In Peru

Clifford Chance advised Itaú and Banco Santander on syndicated loan for real estate companies in Peru

Clifford Chance advised Banco Santander, S.A. and Banco Itaú Chile, as co-lead arrangers and bookrunners, in connection with a US$350 million syndicated loan. The facility was provided by Banco Santander, S.A., Banco de Crédito e Inversiones, Miami Branch, The Bank of Nova Scotia, Banco Pichincha, Banco Internacional del Perú S.A.A. - Interbank, ICBC Perú Bank, and Itaú Chile New York Branch in favor of Urbanizadora Jardín, Inmuebles Limatambo, and Inversiones San Borja, all Peruvian real estate companies under the management of Urbanova.

The loan proceeds were used to refinance existing debt and support the development of new corporate projects.

The Clifford Chance team advising on the transaction was led by Alberto Haito (counsel), with support from Maria Fernanda Gadea Rivera (associate).

Alberto Haito said, "We are delighted to have once again supported our clients in securing a significant financing for Urbanova. This achievement illustrates our experience advising on cross-border financings in Peru."

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