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.