Estudio Echecopar, member firm of Baker Mckenzie International, advised Banco Security, a Chilean bank, in the granting of a loan in favor of Consorcio Hotelero Global del Perú S.A.C. (the “Borrower”), a company from the hotel industry, for an amount of USD 18’500,000.00, to be used (i) to provide funds to A3 Property Investment SpA (“A3”), a related company of the Borrower, in order for A3 to repay the loan that was granted in its favour by Banco Security and (ii) for corporate purposes of the Borrower.
Within the framework of the aforementioned loan, certain securities were granted by the related companies of the Borrower and by the Borrower. The Borrower established an asset trust as collateral in favor of Banco Security over a property of its own on which the Pullman San Isidro Hotel is built.
Partner Alonso Miranda and associate Mikela Echeandía advised the lender throughout the process.