Global law firm Clifford Chance has advised Sumitomo Mitsui Banking Corporation as structuring bank, hedge coordinator, sole bookrunner, mandated lead arranger and lender; Natixis, New York Branch, as mandated lead arranger and lender; and Banco de Crédito e Inversiones, S.A., Miami Branch, Metrobank, S.A., Mega International Commercial Bank Co. Ltd. and Banco Internacional del Perú S.A.A. as lenders, in connection with a US$125 million syndicated loan to STRACON Holdings S.A., an Ashmore Group portfolio company through its Andean private equity fund, Ashmore Andean Fund II.
STRACON Holdings S.A. is the holding entity of STRACON Group, a mining services provider focused on the Americas, with subsidiaries in Peru, Chile and Canada, and branches in five other countries in the region. The proceeds of the loan will be used for the repayment of certain existing debt and general corporate purposes.
The Clifford Chance team advising on the deal included counsel Alberto Haito in Washington, DC and associates Joyce Moore and Maria Fernanda Gadea Rivera in New York.
Clifford Chance advises on many transactions in the Latin American market, including on the financing for a midstream growth project on Colombia’s Caribbean coast.
