$60 Million Loan to San Francisco, S.A.

Andrews Kurth Kenyon, Ferrere, Kleinberg, Kaplan, Wolff & Cohen and Mersan Abogados advised on the transaction

Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”), DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) and Finnish Fund for Industrial Cooperation Ltd. (“Finnfund,” together with CIFI and DEG, the “Lenders”) closed on a US$60 million secured A/B loan facility to San Francisco, S.A. (“SFO”). Cordiant Capital Funds participated in the financing as a B lender.

The proceeds of the loan will be used by SFO to refinance certain existing debt and for the design, development, financing, construction, testing, commissioning, operation and maintenance of a new port in the city of Villeta, Paraguay.

The U.S. based firm of Andrews Kurth Kenyon LLP advised the Lenders as international counsel. Local Paraguayan legal advice to the Lenders was provided by Ferrere.

Kleinberg, Kaplan, Wolff & Cohen, P.C. advised SFO as international counsel. Local Paraguayan legal advice to SFO was provided by Mersan Abogados.

Andrews Kurth Kenyon Lawyers team included Vera Rechsteiner (Picture), Siddharth Sethy, Parker Lee, Felipe F. D’Imperio,

Ferrere advised with a team including Nestor Loizaga, Veronica Franco, Claudia Arietti and Pamela Lezcano.

Kleinberg, Kaplan, Wolff & Cohen Lawyers advised with Martin Sklar and Arinze Ike.

Mersan Abogados advised with a team led by Diego Zavala.

 

Involved fees earner: Diego Zavala – Mersan Abogados; Martin Sklar – Kleinberg, Kaplan, Wolff & Cohen; Arinze Ike – Kleinberg, Kaplan, Wolff & Cohen; Néstor Loizaga – Ferrere Attorneys; Verónica Franco – Ferrere Attorneys; Claudia Arietti – Ferrere Attorneys; Pamela Lezcano – Ferrere Attorneys; Vera Rechsteiner – Andrews Kurth Kenyon; Siddharth Sethy – Andrews Kurth Kenyon; Parker Lee – Andrews Kurth Kenyon;

Law Firms: Mersan Abogados; Kleinberg, Kaplan, Wolff & Cohen; Ferrere Attorneys; Andrews Kurth Kenyon;

Clients: Deutsche Investitions- und Entwicklungsgesellschaft mbH; Finnish Fund for Industrial Cooperation; Corporación Interamericana para el Financiamiento de Infraestructura S.A.; San Francisco, S.A.;

 

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Author: Ambrogio Visconti