Work Area: Finance

Samarco tables US$10 billion restructuring plan

One month after securing Chapter 15 recognition in New York, Brazilian miner Samarco Mineração has proposed a judicial reorganisation plan that could see unsecured creditors take an 85% haircut on their claims.

16 June 2021

Pinheiro Neto helps Cielo ink FIDC transactions worth over US$1 billion

Brazilian law firm Pinheiro Neto Advogados has advised all parties in the structuring of two credit rights funds (FIDCs) by Brazil’s largest payment services provider Cielo, as well as in the funds’ first issuances worth a combined US$1 billion.

15 June 2021

Garrigues and Miranda & Amado in Peruvian agribusiness loan

Peruvian sister companies Agrícola Chapí and Agrícola Olmos have relied on Garrigues (Peru) to get a US$60 million loan.

10 June 2021

SoftBank uses LatAm fund for WeWork JV and Mexican investment

Morrison & Foerster LLP in Miami and Los Angeles has helped SoftBank use its Latin American investment fund to inject US$150 million in investment platform Grupo Bursátil Mexicano (GBM) and, through a separate transaction, enter into a joint venture with US flexible office space provider WeWork.

09 June 2021

BTG Pactual asset manager investment calls on two Brazilian firms

São Paulo law firm Santos Neto Advogados has helped the former CEO of Itaú Asset Management, Rubens Henriques, agree a 2.5 billion reais (US$500 million) investment from BTG Pactual to finance a new private asset manager in Brazil.

02 June 2021

Chevez Ruiz hires partner in Mexico

Mexican law firm Chevez, Ruiz, Zamarripa y Cía SC has hired a partner from EY Law’s local office, strengthening its corporate and finance groups.

01 June 2021

Brazilian solar project gets US$150 million financing

Atlas Renewable Energy has hired White & Case LLP in New York and Miami and Machado Meyer Advogados in São Paulo to borrow US$150 million to fund a solar power project in Brazil.

26 May 2021

Brazilian firms in The Body Shop loan

Trench Rossi Watanabe in São Paulo has helped British cosmetics company The Body Shop obtain a loan worth 100 million pounds (US$139 million).

25 May 2021

Deal of the Year Winner: Banking & Finance

Featured in 15th Annual Awards

When the covid-19 pandemic grounded the global travel industry, the subsequent financial strain caused Latin American aviation companies to drop off the radar one by one. Regional aviation group LATAM Airlines obtained a US$2.45 billion DIP financing from a group of international shareholders, creditors and lenders several months after the airline filed for Chapter 11 bankruptcy proceedings in New York in May 2020. This lifeline wins the banking & finance category of our Deal of the Year Awards.

24 May 2021

Deal of the Year Winner: Project Finance (Infrastructure)

Featured in 15th Annual Awards

Peruvian port operator Tramarsa’s US$132million syndicated loan funded the modernisation of the Salaverry port, which is the country’s first public-private partnership (PPP) port project. In accordance with PPP regulation, the country’s private investment promotion agency ProInversión had to approve the financing structure before it could close. This was the first time the agency had issued such approval, setting a precedent for future deals. It is our infrastructure project finance Deal of the Year.

24 May 2021

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