Dunning Vallejo & MacDonald LLP acted as New York counsel to Itaú Chile New York Branch, as lender, Banco Itaú Chile, as Administrative Agent, and the other lenders thereto, on a US$65,000,000 secured syndicated financing for Danper Trujillo S.A.C. as borrower.
Banco Itaú is one of the largest banks in Chile, and is now part of Itaú Unibanco, the largest private sector bank in Brazil and one of the leading financial institutions in Latin America. The bank was formed from the 2008 merger of Banco Itaú and Unibanco. It offers a full range of financial services to individuals and businesses, with significant operations throughout the Americas and other parts of the world.
Danper Trujillo S.A.C. is a leading Peruvian agro-industrial company specializing in the cultivation, production, and export of high-quality fresh, canned, and frozen fruits, vegetables, super grains, and ready-to-eat foods. The company is a global leader renowned for its commitment to sustainability, social responsibility, and numerous international certifications for water management, gender equality, and fair labor practices.
DV&M’s Partner Andrés Arnaldos led the advice on this matter with associate Ronny Vaisman assisting in the transaction.
This transaction highlights the vital role of financing in supporting key companies and industries in Latin America and showcases the expertise of DV&M’s Latin American corporate finance practice.