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Pierplast secures $18m loan
Brazilian packaging supply company Pierplast has secured a medium-term syndicated loan of up to $18 million.
The loan was provided by Banco Santander Perú, Scotiabank Perú and BD Crédito.
The loan will be used for the early repayment of the company’s existing loans.
The company was advised in Peru by law firm Philippi Prietocarrizosa Ferrer DU & Uría (PPU), and whose counsel included the loan agreement, guarantee contracts, amendments to trust agreements, and related guarantees.
The law firm’s team advising Pierplast was led by partner Rafael Boisset, with associates Alessandro Mussio and Steven Hu.
The jurisdictions involved were Peru, Colombia and Spain.
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