Finance Transactions

Most of our structured finance transactions involve projects in Latin America. We commonly act as New York counsel to a borrower or project sponsor and draft and negotiate all transaction agreements which are governed by New York law, including credit agreements, guarantees, promissory notes, equity support letters and subordination agreements. We coordinate the work of local counsel in advising and setting up the agreed “security package” and repayment mechanism under local law, be it through revenue trusts, receivables assignment, share, equipment and other assets pledges, mortgages or otherwise. Finance structures have included revolving credit facilities, syndicated lending and straightforward corporate financing. We have developed a particular expertise on the financing of construction projects, equipment manufacturing and supply, and hotels & resorts.

Contact Attorneys

Xavier Ruiz

Partner

Corporate and Finance Transactions

+1 786.598.8007

Selected Transactions

RC Law advised a Spanish public bank in connection with several trade financing and corporate structures (involving the use of promissory notes and security agreements) for the U.S. customers/borrowers of a Spanish agro company.
 —

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.

RC Law advised a Spanish sports management entity on a venture capital round for a Delaware startup.
 —

RC Law advised Costa Rican family office on an equity round of a medical research company formed in Delaware.
 —

RC Law advised on an equity round of Telecom Argentina to take a 50% ownership in OpenPass, a Delaware Holding company.
 —

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.
 —

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.
 —

RC LAW ACTS AS NEW YORK COUNSEL TO COMPLEJO AGROINDUSTRIAL BETA S.A. OF PERU IN CONNECTION WITH THE REFINANCING OF A $111,800,000 LOAN FROM METLIFE OF NEW YORK

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.
 —

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

Let’s Work Together