Cleary Gottlieb represented Banco Santander S.A. (Santander) and Coöperatieve Rabobank U.A. (Rabobank), as lead arrangers and Scotiabank as an incremental lender, in a $49 million subsequent loan facility pursuant to the accordion option of the December 20, 2018, senior secured term-loan facility for Camposol S.A. (Camposol).
The loan is secured by certain property, machinery, equipment, and other assets. The closing date occurred on June 20, 2019.
Camposol is a Peruvian producer of healthy and fresh produce, including blueberries, avocados, mangoes, and grapes, as well as shrimp.