RC Law acted as counsel for Azvi (Spain) and subsidiaries in Mexico and Chile, Construcciones Urales, in connection with a financing facility granted by IDB Invest, the private sector arm of the Inter-American Development Bank, of up to US$20 million to provide supply chain payment services. This confirming line governed by New York law will provide Azvi’s suppliers with an innovative solution to finance their working capital needs by using the E-Factor Network platform. Senior Associate, Diego Price, led the transaction in the US for Azvi and Construcciones Urales.
With headquarters in Sevilla, Azvi is a key player in the railway infrastructure industry (including tracks, electrification, signaling and machinery) in Spain and more recently in United States and Latin America. It also develops civil construction and engineering projects, including roads, ports, airports, bridges, tunnels and residential and industrial buildings.
Press release from IDB Invest:
https://www.idbinvest.org/en/projects/azvi-supply-chain-finance-transport-projects