Arias, Hogan Lovells, Consortium Legal and Mayer Brown have advised on the transaction
Banco Cuscatlán in El Salvador has created and Sponsored a new diversified payment rights securitization program (DPR). Titularizadora de DPRs Limited, a special purpose vehicle organized in the Cayman Islands, borrowed US$100 million of Series 2016-1 Loans. Credit Suisse was the sole lender.
The transaction closed on December 9, 2016.
Credit Suisse AG acted as lender on the translation
Banco Cuscatlán was acquired by Grupo Terra in July and is formerly known as Banco Citibank de El Salvador.
The Hogan Lovells team included New York partners Emil Arca (Picture) and Oscar Stephens, and associate Rebecca Francus.
Arias has advised Banco Cuscatlán with Roberta Gallardo and Fidel Márquez.
Consortium Legal has advised Credit Suisse AG, Cayman Island Branch with a team including Oscar Samour and Felipe Aragón.
Mayer Brown LLP has advised Credit Suisse AG, Cayman Island Branch with Douglas Doetsch, Gabriela Sakamoto,Valentina Castillo and Christine Taverner.
Involved fees earner: Oscar Samour Santillana – Consortium – Legal; Felipe Aragón Vassiliu – Consortium – Legal; Roberta Gallardo – Arias ; Fidel Márquez – Arias ; Douglas Doetsch – Mayer & Brown; Gabriela Sakamoto – Mayer & Brown; Valentina Castillo – Mayer & Brown; Emil Arca – Hogan Lovells; Oscar Stephens – Hogan Lovells; Rebecca Francus – Hogan Lovells;