Avenida Desarrollo Nuevo S.A., Edubuilding, S.A., and Edulink, S.A.’s $21 Million Loan

Hunton Andrews Kurth, Consortium Legal and Zurcher Odio & Raven advised on the transaction

the Inter-American Investment Corporation (IDB Invest), as lender, closed on a $21.5 million secured A/B Loan to Avenida Desarrollo Nuevo S.A., Edubuilding, S.A., and Edulink, S.A., each a sociedad anónima organized and existing under the laws of the Republic of Costa Rica (collectively, the Obligors), as obligors. The proceeds of the loan will be used by the Obligors to develop and operate a technical university satellite campus in San José, Costa Rica, that will offer specialized technical courses to students in Costa Rica and the region in collaboration with Texas Tech University.

The US-based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel with a team including Vera Rechsteiner (Picture) and Sid Sethy.

Costa Rican legal advice to IDB Invest was provided by Consortium Legal with a team including Randall Barquero León and Oriana Solano Benavides.

Costa Rican legal advice to the Obligors was provided by Zurcher Odio & Raven with a team led by Rosa María Jiménez M..

Involved fees earner: Siddharth Sethy – Andrews Kurth Kenyon; Randall Barquero León – Consortium – Legal; Oriana Solano B. – Consortium – Legal; Vera Rechsteiner – Hunton Andrew Kurth; Rosa María Jiménez M. – Zürcher, Odio & Raven ;

Law Firms: Andrews Kurth Kenyon; Consortium – Legal; Hunton Andrew Kurth; Zürcher, Odio & Raven ;

Clients: Avenida Desarrollo Nuevo S.A.; Edubuilding S.A.; Edulink, S.A.; IDB Invest;


Author: Ambrogio Visconti