Finance
Our Finance practice specializes in structured finance, asset-based financings, acquisition finance and leveraged acquisitions, recapitalization transactions, syndicated and bi-lateral loans. We leverage our deep knowledge of the debt financing market to represent borrowers, funds, lenders, and financial sponsors across a wide range of industries. Our attorneys excel at finding creative solutions to modern trends and have a keen eye for structuring transactions for fast execution to move businesses forward.
We have developed a particular expertise acting as New York counsel for transactions originating in the U.S. with funds disbursed abroad (mainly in Europe and Latin America). This work entails coordination with local counsel in advising and setting up appropriate “security packages” and collection mechanisms under local law, be it through trusts, receivables assignment, pledges, and mortgages, among others.
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Representative Transactions
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RC Law represented a Spanish company providing services and solutions for the ophthalmology sector in the USA, as borrower, in the negotiation of a loan agreement, corporate documents, and other instruments for the extension of a $2,000,000 financing facility to fund the purchase of a Connecticut-based buying group.
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RC Law advised a Spanish sports management entity on a venture capital round for a Delaware startup.
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RC Law advised Costa Rican family office on an equity round of a medical research company formed in Delaware.
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RC Law advised on an equity round of Telecom Argentina to take a 50% ownership in OpenPass, a Delaware Holding company.
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RC Law advised a Spanish export/investment finance entity on the review of cross-border transactional documentation for the acquisition of a California-based supplier of aerospace systems by a Spanish defense company via a complex reverse merger, with the provision of $14MM in financing.
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RC Law advised a technology and innovation consulting group on the separation from the minority shareholder and the recapitalization of the company through equity conversions.
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RC Law LLP advised Complejo Agroindustrial Beta S.A., a Peruvian group, as borrower’s New York counsel with regard to the refinancing of a $111,800,000 facility to be used to acquire agriculture property and crops, as well as to finance capital expenses. The refinancing involved expanding the facility by up to $20,000,000. Lender was Metropolitan Life Insurance Company of New York. RC Law’s team was led by partner Rusalka de la Campa. Borrower’s Peruvian counsel was Miranda & Amado and Lender’s Peruvian counsel was Denton’s Lima office and its New York counsel was Denton’s New York office. Complejo Agroindustrial Beta is a Peruvian agribusiness group which is involved in the growing, packing and export of fresh products, including asparagus, grapes, citrus and avocado.
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RC LAW ACTS AS NEW YORK COUNSEL TO PESQUERA EXALMAR OF PERU IN CONNECTION WITH A $20 MILLION IDB INVEST SENIOR SECURED FINANCING
RC Law advised Pesquera Exalmar S.A.A., as borrower’s New York counsel, in connection with a senior secured US $20 million loan from the Inter-American Investment Corporation (the private branch of the IDB). The funds are to be used to finance capital expenses and structural working capital needs of the borrower. Exalmar is one of the largest Peruvian fisheries and is listed in the Lima Stock Exchange (“Bolsa De Valores De Lima”). RC Law’s team was led by partner Rusalka De La Campa. Peruvian counsel was Miranda & Amado. IDB Invest’s New York counsel was Bustamante Fabara and Peruvian counsel was Garrigues.
For further information about this transaction, see press release.
RC LAW ADVISED CECOP IN THE NEGOTIATION AND EXECUTION OF A $7,000,000 REVOLVING LINE OF CREDIT TO FINANCE A STOCK ACQUISITION.
RC Law advised CECOP on an acquisition finance transaction, consisting of an up to $7,000,000 revolving line of credit secured with the assets (mainly receivables) of the target company. Lender was Village Bank & Trust of Illinois. Counsel to lender was Dykema Gossett of Chicago. The transaction was completed on December 31, 2020.
RC LAW ACTED AS NEW YORK COUNSEL TO GLOBAL QUALITY STEEL S.A. ON A $50,000,000 SENIOR SECURED PROJECT FINANCING FOR SEVERAL LATIN AMERICAN INFRASTRUCTURE PROJECTS
RC Law acted as New York counsel to Global Quality Steel S.A. (“GQS”), a Swiss global reinforcing steel manufacturer in connection with a US$50 million long term facility. GQS designs, supplies, manufactures, and delivers comprehensive and customized solutions for steel engineering needs in large civil engineering projects in the construction industry. GQS has subsidiaries in Mexico, Panama, Colombia, Ecuador and Peru. The purpose of the facility was to provide initial financing to meet the requirements of various infrastructure projects in Latin America, which were awarded to GQS by the project sponsors. Such projects include Lima Metro Line 2 in Peru, Siervo de la Nacion Highway, Guadalajara Metro L-3 and Toluca Railroad in Mexico, Quito Metro L-1 in Ecuador and Magdalena Highway in Colombia, as well as other smaller projects in Latin America, for a total of around US$ 500 million contract value. Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as mandated lead arranger and Hunton & Williams LLP, acting as CIFI’s New York counsel. The transaction closed in December of 2019.
For further information about this transaction, see press release.
RC LAW ADVISES ABENGOA PERU ON THE RESTRUCTURING OF THEIR DEBT WITH FUNDING OF $30M
RC Law advises Abengoa Peru on a $30 million long term financing used to re-financing existing debt and financing new operations. Abengoa Peru is the Peruvian leader in O&M contracts for high voltage transmission systems and one of the leading local companies in the construction of mining, water and energy projects. The lender was Darby Overseas Investments, an entity owned by the US fund Franklin Templeton Investments. New York counsel to Darby was Clifford Chance, while Echecopar Baker & McKenzie acted as Peruvian counsel. Rebasa Alcazar y de las Casas acted as Peruvian counsel for Abengoa Peru. The transaction closed in October of 2018.
For further information about this transaction, see press release.
RC LAW ACTED AS NEW YORK COUNSEL TO GLOBAL QUALITY STEEL S.A. ON $15,000,000 SENIOR SECURED REVOLVING FINANCING IN CONNECTION WITH THE QUITO METRO L1.
RC Law acted as borrower’s New York counsel to Global Quality Steel S.A., a Swiss steel manufacturing and engineering group in connection with a short-term, revolving facility to meet the requirements of Line 1 of the Quito Metro project in Ecuador. The facility was secured with the accounts receivable from the consortium developing the Quito Metro project. Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as mandated lead arranger and Andrews & Kurtz LLP in Washington DC, acted as CIFI’s New York counsel. The transaction was closed in January of 2017.
For further information about this transaction, see press release.
RC LAW ACTED AS NEW YORK COUNSEL TO ROBERLO USA INC. AS GUARANTOR OF A EUR 33,000,000 FACILITY
RC Law acted as New York counsel to Roberlo USA Inc., as guarantor to the Eur 33,000,000 syndicated loan obtained by its parent company, Briof Group S.L. to refinance existing debt and to complete the acquisition of a local competitor. The Roberlo Group is a European leading manufacturer of coatings and other repair solutions for the vehicle and other industries. The loan was governed by Spanish law. Spanish Counsel to the lead arranger, Banco Santander S.A., was DLA Piper Spain. Other lenders included Caixa Bank, Banco Sabadell, BBVA, Banca Marc, Bankia and Banco Caixa Geral.
Recent News
RC Law LLP Ranked Again in Chambers USA 2024
RC Law LLP has been recognized, for the second time, in the 2024 edition of the Chambers & Partners USA Guide for leading law firms and lawyers in the country. The firm is ranked in Corporate, M&A and Private Equity - South Florida, in Band 5, alongside Berger...
RC Law Advised Mediktor on the Acquisition of Sensely
RC Law advised Teckel Medical S.L. (known as Mediktor) on the acquisition of Sensely, a California-based digital healthcare provider. Mediktor is a leading digital healthcare provider and as a result of the merger, one of the largest global AI-based solution providers...
RC Law Acted as Counsel for Falabella Ventures in Connection with the Acquisition of an Equity Interest in Simetrik
RC Law acted as counsel for Falabella Ventures in connection with the acquisition of an equity interest in Simetrik’s $55 million funding round led by Goldman Sachs. Falabella Ventures is the venture capital arm of Falabella, a major multinational company known for...