Belize Sugar Industries Limited’s $8 Million Loan


Hunton Andrews Kurth, Balderamos Arthurs, Courtenay Coye and Holland & Knight advised on the transaction

The Inter-American Investment Corporation (“IDB Invest”) as lender, closed on a $10 million secured loan to Belize Sugar Industries Limited, a corporation organized and existing under the laws of Belize (“BSI”) as borrower.

The proceeds of the loan will be used by BSI to finance fixed investments to increase its production of direct consumption sugars in Belize.

Hunton Andrews Kurth LLP advised IDB Invest as international counsel with a team including Vera Rechsteiner, (Picture), Ignacio Hirigoyen and Sid Sethy.

Balderamos Arthurs provided Belizean legal advice to IDB Invest with Ashanti Arthurs Martin.

In New York, Holland & Knight advised Belize Sugar Industries Limited with Norberto Quintana and Laura Guemes Cambras.

Courtenay Coye provided Belizean legal advice to Belize Sugar Industries Limited with Denise Courtenay.

Involved fees earner: Ignacio Hirigoyen – Andrews Kurth Kenyon; Siddharth Sethy – Andrews Kurth Kenyon; Ashanti Arthurs Martin – Balderamos Arthurs; Denise Courtenay – Courtenay Coye LLP; Laura Guemes Cambras – Holland & Knight; Norberto Quintana – Holland & Knight; Vera Rechsteiner – Hunton Andrew Kurth;

Law Firms: Andrews Kurth Kenyon; Balderamos Arthurs; Courtenay Coye LLP; Holland & Knight; Hunton Andrew Kurth;

Clients: Belize Sugar Industries Limited; IDB Invest;

Avatar

Author: Ambrogio Visconti