28 September 20222 minute read

DLA Piper Peru advises Banco BTG Pactual on a syndicated corporate financing granted to La Virgen S.A.C.

DLA Piper Peru advised Banco BTG Pactual, the biggest investment bank from Latin America, in a syndicated corporate financing granted to La Virgen S.A.C. (“La Virgen”) for a total of up to US$90 million, which will be used for working capital and the prepayment of loans, among other purposes. The loan is backed by a corporate guarantee granted by Alupar Brazil and governed by Brazilian laws.

La Virgen is a subsidiary of Alupar Brazil and holds, in compliance with Peru’s laws, the concession of La Virgen hydroelectric power plant project with a capacity for approximately 64 megawatts, located in Chanchamayo, Perú.

The DLA Piper team consisted of partner Sergio Barboza and associate Juan Carlos Ramírez, both of Lima.

DLA Piper Latin America's team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With over 400 lawyers practicing throughout Argentina, Brazil, Colombia, Chile, Mexico, Peru, and Puerto Rico, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe to ensure our clients receive the depth of service they require to meet their legal and business objectives.