Agrigoods Ltd has issued senior floating rate notes in order to make an advance payment and export supply to Vicentín SA. Banco Europeo para América Latina (BEAL) and Westdeutsche Landesbank Girozentrale acted as arranger, securities intermediary and collateral agent. Liberty Mutual Insurance acted as surety. The transaction, which was closed on October 15, was valued at US$80 million.
The Portuguese company Companhia Mineira de Talcos Ltd. (COMITAL), has entered into a joint venture agreement with Fábricas Nacionales de Papel (FANAPEL), an Uruguayan company, to set up industrial facilities for the production of chemical products for paper and painting companies. The plant opened for business on October 12.
Corporación Andina de Fomento (CAF) has granted a US$250-million A/B loan to Bavaria SA, a major Colombian brewery.
Sepetiba Tecon SA, holder of the public concession to operate the container terminal of the port of Sepetiba in the State of Rio de Janeiro, has concluded a project finance deal with International Finance Corporation (IFC). IFC has agreed to provide loans of up to US$40 million to Sepetiba Tecon.
Chile´s Puerto Ventanas has negotiated a master agreement with Glencore International AG which will leave Glencore using and managing the port facilities owned by Puerto Ventanas.
Banco Sudameris Argentina SA has structured the first commercial paper programme (Valores Representativos de Deuda de Corto Plazo) in Argentina under the new fast track rules implemented by the CNV.
Empresa Folha da Manhã, publisher of the newspaper Folha de São Paulo has formed a new distribution company, São Paulo Distribuição e Logística Ltda., with the newspaper O Estado de São Paulo. The transaction was concluded on September 26.
Pan-American Sports Network (PSN) has been embroiled in a second litigation case in the Argentine courts following a successful injunction request from DirecTV, who claim PSN attempted to force the media group to pay a different price than that originally agreed for the sports programming. The injunction was issued on October 24. PSN’s other litigation against Multicanal media group was successfully overturned in favour of PSN, as reported in LATINLAWER.com.
Agustín Navarro has been appointed by President Vincente Fox of Mexico as the newest member of the Federal Competition Commission, the national antitrust authority. He is taking over from Javier Aguilar, whose term had expired.
The 18 lawyer-strong Brazilian firm Grebler, Pinheiro, Mourão e Raso Advogados, of Belo Horizonte is forming a strategic association with three other Brazilian firms: Albino Advogados Associados, of São Paulo, Bocater Camargo e Costa e Silva Advogados Associados, of Rio de Janeiro, and Marins Bertoldi e Efing Advogados e Consultores Associados, of Curitiba.