Alicorp

Alicorp - TL

Borrower (s)
Alicorp
Industry
Agri/Soft Commodities/Agribusiness
Area of finance
Commodity Trade Finance
Country
Peru

Deal Overview

Alicorp is the market leader for branded consumer goods in Peru; and leader in aquafeed products in Chile, Ecuador and Honduras. The demand for products that Alicorp produces in several countries across Latin America including Peru, Colombia, Bolivia, Chile and Honduras, has seen an increase as a...

show more

Alicorp is the market leader for branded consumer goods in Peru; and leader in aquafeed products in Chile, Ecuador and Honduras. The demand for products that Alicorp produces in several countries across Latin America including Peru, Colombia, Bolivia, Chile and Honduras, has seen an increase as a result of the COVID-19 pandemic; hence Alicorp decided to mandate SMBC to arrange for the syndicated program to achieve several goals. On one hand, negotiating extension of payment terms and securing procurement of commodities, which are critical inputs for the goods that company produces, through term contracts. In like manner, arrangement of the syndicated program enabled Alicorp to diversify its sources of funding for the program while allowed the entrance of four new relationship banks for Alicorp within Trade Finance space, through the structure arranged by SMBC. In addition, The program involved a careful arrangement for the structure to cover legal, perfection and tax matters in three different jurisdictions. The suppliers based in the United States of America and Canada, the buyer based in Uruguay and the buyer’s parent in Peru. All these elements make this transaction a one of its kind specially during the challenges presented by Covid-19 Pandemic situation.

show less
Deal Volume
$ 224m
Financial Close
31 December 2020
Sources
Submitted by participant(s)

All Dealmakers

Néstor Mosquera

To view dealmakers, please tag or log in to tagmydeals

Ernest Larenas

To view dealmakers, please tag or log in to tagmydeals

Lucas Amaral

To view dealmakers, please tag or log in to tagmydeals

Julio Carrasco

To view dealmakers, please tag or log in to tagmydeals

Juan Arbelaez

To view dealmakers, please tag or log in to tagmydeals

Julio Cesar Zarate

To view dealmakers, please tag or log in to tagmydeals

Jorge Buritica

To view dealmakers, please tag or log in to tagmydeals

Yirelis Sanchez

To view dealmakers, please tag or log in to tagmydeals

Alejandro Ramirez

To view dealmakers, please tag or log in to tagmydeals

Donar Tejada

To view dealmakers, please tag or log in to tagmydeals

Hendrik van der Zndt

To view dealmakers, please tag or log in to tagmydeals

Lizedt Torrico

To view dealmakers, please tag or log in to tagmydeals

Martin  Vasquez

To view dealmakers, please tag or log in to tagmydeals

Tag yourself
Tag a colleague

Tranches


To view all tranche and pricing information, please sign up or log in