Andrews Kurth Represents IDB in $26 Million Loan to Colegios Peruanos S.A.C.

(Washington, DC)—On December 4, 2014, the Inter-American Development Bank (“IDB”) closed on a US$ 26 million secured A/B loan facility to Colegios Peruanos S.A.C. (the “Borrower”) consisting of (a) an A Loan of up to US$ 15 million and (b) a B Loan of US$ 10 million, to be disbursed subject to receipt of commitments for such B Loan.

The proceeds of the loan will be used for the expansion and development of schools administered by the Borrower and located in the greater Lima metropolitan area or in other regions of Peru.

The U.S. based firm of Andrews Kurth LLP, advised the IDB as international counsel.  Local legal advice was provided by Pizarro, Botto & Escobar Abogados in Peru. 

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Siddharth "Sid" Sethy, Associate

IDB In-house Counsel:

Martin Stalman, Project Attorney

IDB Peruvian Counsel:

Ricardo Escobar, Partner

Melissa Padilla Pérez, Associate

As released by the former Andrews Kurth Kenyon LLP