Estudio Echecopar advises Banco de Crédito del Perú, Scotiabank Perú and Credicorp Capital Servicios Financieros on a credit facility to Gold Fields La Cima

Estudio Echecopar, member of Baker & McKenzie International, advised Banco de Crédito del Perú and Scotiabank Peru S.A.A., through the structuring services of Credicorp Capital Servicios Financieros S.A., and Scotiabank Peru S.A.A., in the amendment and extension of a revolving senior secured credit facility agreement dated 19 September 2017 for an aggregate principal amount of USD 150,000,000.00 (the "Loan") to Gold Fields La Cima S.A. ("GFLC"),  a wholly owned subsidiary of Gold Fields Limited, one of the world's largest gold mining firms.

The team that advised the financial institutions was led by Marco Alarcon, partner and Fernando Sam, senior associate.

The transaction was an extension and amendment to an existing facility, governed under English law with a an onshore and offshore security package; structured and led by Peruvian lenders.