UTP borrows to expand

UTP borrows to expand

Loans Debt Project & Infrastructure Finance Peru Andean

The Universidad Tecnológica del Perú (UTP) has obtained a medium-term loan for $30m from Scotiabank to help fund its expansion plans, according to a source close to the deal. UTP has backed the senior secured loan with a mortgage and receivables rights, the source said. It will use the money to buy land and build new facilities, he added. To fund its expansion plan, UTP previously secured a $51m loan from Scotiabank and BBVA in 2017, an PEN80m ($23.8m) loan from Interbank in October 2018 and a $

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