Holland & Knight Represents Wells Fargo on $100 Million Syndicated Loan to BBVA Banco Continental in Peru
May 9, 2019
NEW YORK (May 9, 2019) – Holland & Knight represented Wells Fargo Bank, N.A., as sole lead arranger, bookrunner and administrative agent on a $100 million three-year senior unsecured syndicated loan for BBVA Banco Continental, one of the leading banks in Peru. The transaction closed on May 3.
The transaction attracted the interest of 16 financial institutions from China, Germany, Korea, Taiwan and the United States, some of which represent new banking relationships for BBVA Banco Continental. Proceeds from the loan will be used by BBVA Banco Continental for working capital purposes.
Holland & Knight Partner Stephen Double and Associate Faisal Kraziem advised Wells Fargo as to New York law. Estudio Muñiz advised Wells Fargo as to Peruvian law on the transaction.