Work Area: Finance

Several firms help Avianca land DIP-to-exit financing

Milbank in New York, Gómez-Pinzón in Bogotá and Morgan & Morgan in Panama City have helped Colombian airline Avianca obtain a US$1.05 billion facility that will help it exit its existing debtor-in-possession (DIP) financing.

22 September 2021

IDB Invest backs dual financing for Uruguayan power project

White & Case LLP in Miami and New York and Hughes & Hughes in Montevideo have helped a subsidiary of US company Invenergy obtain a US$67 million financing package from IDB Invest to develop transmission lines and a substation in Uruguay.

21 September 2021

Ex-Demarest and Trench Rossi partner opens finance boutique

Helen Naves, a former partner of Demarest Advogados and Trench Rossi Watanabe, has launched a corporate finance boutique in São Paulo.

20 September 2021

PPO in AFD loan to Bolivia for covid-19 relief

PPO Abogados has helped the French Development Agency (AFD) grant a loan of 100 million euros (US$118 million) to Bolivia to support households severely affected by the covid-19 pandemic.

20 September 2021

Three firms in multi-currency loan for Colombian transmission line

Clifford Chance LLP in Washington, DC and New York and Brigard Urrutia in Bogotá have helped the Colombian branch of Spanish engineering company Grupo Ortiz obtain a two-tranche financing worth US$122 million to fund the construction of a transmission line.

16 September 2021

Fruit business gets loan for operations in Colombia and Peru

Three subsidiaries of Peruvian fruit exporter Grupo Cerro Prieto have hired Miranda & Amado Abogados in Lima to obtain a US$160 million loan.

14 September 2021

Raízen and Biosev complete tie-up with US$1.3 billion restructuring

Brazilian sugar ethanol producer Biosev has enlisted Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and FLH Advogados to renegotiate its debt pile of 7 billion reais (US$1.3 billion) with a syndicate of 15 lenders, to fulfil the obligations of its merger with Brazilian energy company Raízen.

14 September 2021

Rappi obtains financing for Mexican fintech venture

Mexico’s González Calvillo, SC has helped the local branch of Colombian on-demand delivery start-up Rappi get a loan of 1 billion Mexican pesos (US$49 million).

14 September 2021

Uruguay’s Ferrere in cross-border fishing loan

Ferrere (Uruguay) has helped a syndicate of Canadian banks provide two loans worth US$663 million in total to fishing company and retailer Cooke Aquaculture, which has operations in Uruguay.

09 September 2021

Nordex refinancing calls on several LatAm firms

German wind turbine manufacturer Nordex has enlisted Freshfields Bruckhaus Deringer LLP in Frankfurt as lead international counsel to obtain a refinancing, which saw it increase an existing loan by 171 million euros (US$200 million).

06 September 2021

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