Cleary Gottlieb represented Goldman Sachs Bank USA, as lender, administrative agent, collateral agent, and sole lead arranger, in a senior secured credit facility of $15 million with E-Holding S.A.C. (E-Holding) as borrower.
The proceeds of the loans were mainly used to finance E-Holding’s acquisition of certain assets of El Comercio, the oldest newspaper in Peru. The transaction signed on November 15, 2019, and closed on November 19, 2019.
E-Holding is a Peruvian entity part of the Navent Group, which is a leading online real estate and job classifieds company in Latin America.