Panamanian law firm Arias Fábrega & Fábrega has advised Crédit Agricole CIB on the refinancing of approximately USD $2.6 billion of documentary credits and term loans in favour of McDermott International, a global engineering and construction company. The refinancing was carried out through a cross-border restructuring process and was secured by certain assets, including Panamanian-registered vessels, for amounts up to USD $9.5 billion. The consultancy involved drafting and negotiation, closing logistics and refinement of the Panama deliverables. ARIFA’s team consisted of partner Pilar Cas ..read more

DLA Piper Argentina has assisted Empresa Distribuidora y Comercializadora Norte (Edenor), and Tanoira Cassagne Abogados as underwriters, in the placement of the Additional Class 4 Notes. The additional Class 4 Notes denominated, integrated and payable in pesos at a variable rate corresponding to the sum of the Private Badlar Rate and a 3% margin, maturing on 7 March 2025 for an amount of $20,820,938,705, were issued under the Global Programme for the Issuance of Simple Negotiable Obligations (not convertible into shares) for a nominal value of up to USD $750,000,000 (or its equivalent in other ..read more

Arias Law acted as local counsel to lenders Banco Santander and Banco Latinoamericano de Comercio Exterior (Bladex) in the financing and refinancing arising from the merger of Ransa with Transportes Centroamericanos del Futuro (TCF). Through the transaction, Ransa merged its activities with those of TCF, a leading freight forwarder, effectively integrating its operations in Peru, Colombia, Ecuador, Bolivia, El Salvador, Guatemala, Honduras, Mexico, Costa Rica and Nicaragua. This transaction facilitated the financing and merger of Ransa and TCF, consolidating the Ransa Group’s position in the L ..read more

Ferrere, through its team in Uruguay, has represented Terminal Cuenca del Plata (TCP), the public-private joint venture specialising in containers at the port of Montevideo, in securing two loans for $443m to expand its logistics capacity. The financing secured includes a USD 340 million loan from Credendo, the Belgian export credit agency, and a further USD 103 million from the Inter-American Development Bank (IDB Invest). The funds will be used to build a second quay and expand the container yard to 720 metres in length, which will more than double the port’s international cargo volume, allo ..read more

Bruchou has advised Raghsa Sociedad Anónima in the issuance of class 6 Notes, denominated, subscribed, integrated and payable in US dollars in the country, at a fixed interest rate of 5.98% annual nominal amount, for a nominal value of USD $10,000,000. The Notes were issued on 11 April and mature on 11 April 2026. Martínez de Hoz & Rueda acted as advisor to the underwriters. Furthermore, the Notes are authorized for listing and trading on the Argentine Stock Exchanges and Markets through the Buenos Aires Stock Exchange, and for trading on the Electronic Open Market. Banco de Galicia y Buen ..read more

Holland & Knight has assisted RCI Colombia in a public bond offering on the Colombian Stock Exchange (BVC), which raised 200 billion Colombian pesos (approximately $53 million). The bonds, issued on 4 April, were offered for 36 and 48 months. The bid/cover ratio was 1.68 times the initial offering of 130 billion Colombian pesos (approximately $35 million). The issue was also registered in the National Registry of Securities and Issuers (RNVE) of the Financial Superintendency of Colombia (SFC). The securitisation was rated AAA by BRC Ratings – S&P Global S.A. Headquartered in Colombia w ..read more

Ritch Mueller advised the placement intermediaries and/or structuring agents on Xinfra’s issuance and public offering of energy and infrastructure investment trust certificates (CBFEs, certificados bursátiles fiduciarios de inversión en energía e infraestructura). The issuance took place on 18 April, where Creel García-Cuéllar Aiza y Enríquez advised Xinfra. Casa de Bolsa Santander, BTG Pactual Casa de Bolsa, and Casa de Bolsa Banorte acted as placement intermediaries and/or structuring agents. Ritch Mueller’s team was led by partners Gabriel Robles Beistegui (pictured left) and Oscar A. López ..read more

Lefosse announced the expansion of its corporate and M&A practice with the arrival of Fernando Carvalho (pictured) as new partner, along with three other lawyers. Hiring Fernando expands Lefosse’s transactional team: it has 18 partners, three counsels and more than 90 lawyers. In the last three years, the firm has worked on transactions with an impact on the national and international markets of more than R$400 billion. Fernando specializes in M&A, Private Equity and Venture Capital operations, having led projects in various sectors of the economy, such as banking, technology, fintechs ..read more

Demarest Advogados announced the hiring of three new partners to reinforce its M&A practice as it celebrates 76 years of history. With more than 20 years of experience in the sector, João Busin (pictured left) focuses his practice on Private Equity and Venture Capital, together with partners Juliana Maluf (pictured center) and Beatriz Seixas (pictured right), as well as a team of four associates who will join Demarest. They come from TozziniFreire Advogados. With a specialization in Business Management from Business School São Paulo, João graduated from PUC-SP (Pontifícia Universidade Cat ..read more

Lefosse has acted as counsel for XP Investimentos in connection with the structuring and public offering of 718,750 quotas of the first issuance of XP Credit Opportunities Fundo de Investimento em Direitos Creditórios Responsabilidade Limitada, reaching a total amount of BRL 718,750 million. The offering was targeted at qualified investors and had more than 10,500 investors. The Fund is managed by XP Asset and is focused on the acquisition of corporate structured credit rights. Lefosse relied on partner André Mileski (pictured) and associates André Barbin, Rodrigo Bertholdo, Gianluca Notarbart ..read more