Estudio Echecopar, member firm of Baker McKenzie International acted as Peruvian legal counsel to Banco BBVA Peru, BBVA Securities Inc. and lenders, in connection with the loan agreement granted to Skanon Investments Inc. (the "Borrower") for the acquisition of Martin Marietta Southern California Cement LLC, a Delaware limited liability company.
BBVA Securities Inc. participated in the credit agreement as Sole Lead Arranger, Joint Bookrunner and Global Coordinator. The transaction also counted with the participation of The Bank of New York Mellon as Administrative Agent, Citibank del Perú S.A. as Collateral Agent, Bank of Nova Scotia and Banco de Credito e Inversiones Miami Branch as Senior Mandated Lead Arrangers and Joint Bookrunners.
In addition to the guaranty provided for in the loan agreement, the transaction involved a guarantee agreement governed by Peruvian law by which Unacem Corp S.A.A. and Unacem Peru S.A. guarantee all the Borrower's obligations under the financing documents.
Partner Marco Alarcon, senior associate Adrian Tovar and associate Lara Sarlui advised Banco BBVA Perú, BBVA Securities Inc. and lenders throughout the process.