ADVISED THE NOTEHOLDERS OF UNITED OILS LIMITED IF THE ADQUISITION OF AGRIBUSSINES ASSETS FOR USD 62,000,000 HELD IN TRUST BY LA FIDUCIARIA.

Hernandez & Cía. Abogados has acted as Peruvian legal counsel of SH UOL Administrative Agent Ltd. and Anholt Services (USA), Inc (Anholt), and the noteholders of United Oils Limited SEZC (UOL), who acquired through two special purposes vehicles (SPVs) a total of 223 real properties in the region of Pucallpa, east central Peru, representing a total of 11,000 square hectares of land planted with palm oil trees. 

Such acquisition has been made for a total amount of approximately US$ 62,000,000 within the frame of the foreclosure of a guaranty trust under the management of La Fiduciaria S.A., as trustee, which guaranteed the full payment of Senior Secured Notes previously issued by UOL for a total amount of US$ 48,000,000 on July, 2014.

It is worth mentioning that the foreclosure process was carried out between June and July through an international auction process composed by three rounds in which several bidders were interested. 

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