The proceeds of the financing will be used by the company in order to finance the payment of VAT within the context of the construction and development of the underground railway project "Linea 2 del Metro de Lima y Callao".
The Fund is the first investment fund launched by LXG Asset Management, an investment fund manager registered with the Peruvian capital markets agency.
The financing is structured as a medium-term loan and is secured by a mortgage over two properties of TRAMARSA and a pledge over its present and future assets related to their maritime operations.
Hernández & Cía. Abogados advised Banco Santander Panamá and Corporación Financiera de Desarrollo (COFIDE) in US$ 30 million loan granted to La Virgen S.A.C...