ADVISED SCOTIABANK PERÚ IN THE SECURED FINANCE GRANTED TO FIMA S.A. OF US$ 40 MM TO PURCHASE A NEW PROPERTY AND FOR DEBT REPROFILING.

Hernández & Cía. Abogados has acted as legal counsel of Banco Scotiabank Perú, S.A.A, in a secured finance facility granted to FIMA S.A., a leading company in the metal mechanics industry in Peru. 

The finance consisted in a US$40 million loan provided by Banco Scotiabank Perú S.A.A. to Fima S.A. in two tranches of US$25 million and US$15 million each. The first tranche included a Cross Currency Swap Agreement to the purchase a new property in an industrial compound “Huachipa Este”; and the second tranche is in the process of being disbursed. The facility is governed by Peruvian Law.

The security package –governed also by Peruvian Law- is, a mortgage over Fima main facilities. 

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