Cuatrecasas advises Delfín Amazon Cruises and Peru Ocean Journeys on accessing alternative funding through private capital markets
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SubscribeCuatrecasas has advised Delfín Amazon Cruises, luxury cruises along the Amazon River, and its subsidiary Peru Ocean Journeys—both belonging to the Relais & Chateaux association—on the structuring and incorporation of the Primer Programa de Emisión de Bonos Titulizados Delfin bond program for up to USD 15 million. This bond issue is backed by a trust fund managed by BD Capital Sociedad Titulizadora.
The issuance focuses on supporting the company's strategic growth initiatives. Additionally, part of the proceeds is earmarked for developing luxury projects on Peru's northern coast to promote tourism.
Delfín Amazon Cruises is a leading company that drives local job creation and promotes immersive tourism in the Peruvian rainforest. Thanks to this legal advisory service, the company was able to access alternative funding through private capital markets, obtaining a flexible and efficient structure, with a solid guarantee package designed to provide adequate protection for investors.
Aldo Reggiardo, Cuatrecasas partner and lead counsel for the transaction, commented: “The financing provided to Delfín Amazon Cruises represents a milestone for the luxury hospitality market in Peru, achieved through alternative debt financing in the local private equity market.” With this transaction, Delfín Amazon Cruises reinforces its position as a leading operator in the Peruvian tourism industry.
The team from the Lima office advising on this launch was made up of Aldo Reggiardo, Giorgio Balza, Guido Maeda, Enzo Rodriguez and Camila Patiño.
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