Elcatex’s $96 Million Loan


Wilson Williams, Azcalaw, Hogan Lovells and BLP advised on the deal

The transaction consists of guaranteed long-term financing for Elcatex, S. de R.L., a leading textile industry company in Honduras.

The objectives of the Project are: (i) to support economic growth and export diversification; (ii) construction and fit out of a new textile plant (San Juan Textiles Project) located in San Juan Innovation Park, an Export Processing Zone (“EPZ”) in Choloma; (iii) purchase of sewing equipment; and (iv) to finance capital investment, working capital and liability restructuring to increase ELCATEX’s production capacity.

Wilson Williams LLC advised Elcatex with William A. Wilson III., Kevin G. Frisch and Ropafadzo Maweni.

In Tegucigalpa, Azcalaw advised Elcatex with Armida María López de Argello.

In US, Hogan Lovells advised IDB Invest with Wylie H. Levone, Antonio de la Esperanza and Senal Ranatunga.

BLP advised IDB Invest with José Miguel Álvarez (Picture), Nadia Arriaga Álvarez and Pablo Umaña.

Involved fees earner: Armida María López de Argello – Azcalaw; José Miguel Álvarez – BLP; Nadia Arriaga Álvarez – BLP; Pablo Umaña – BLP; Antonio de la Esperanza – Hogan Lovells; Wylie Levone – Hogan Lovells; Senal Ranatunga – Hogan Lovells; Kevin Frisch – Wilson Williams ; Ropafadzo Maweni – Wilson Williams ; Wilson Williams III – Wilson Williams ;

Law Firms: Azcalaw; BLP; Hogan Lovells; Wilson Williams ;

Clients: Elcatex; IDB Invest;

Author: Ambrogio Visconti.