Grupo Monge secures $120 Million Syndicated Loan


Vector Legal, Simpson Thacher & Bartlett, Bufete López Cordero, Lexincorp, García & Bodán, Fabrega, Molino & Mulino, García Sayán Abogados, Holland & Knight, Consortium Legal, Garrigues and Arias, Fábrega & Fábrega have advised on the transaction

Grupo Monge retails consumer electronics, household appliances, and home furniture primarily to low and middle-low income consumers in Central America. The company, led by Gastón Monge, Jorge Chacón, Mark Patterson and James Chadwick, is based in Costa Rica.

Banco Latinoamericano de Comercio Exterior, S.A. acted as arranger. Bancolombia Puerto Rico Internacional Inc, Banco Industrial S.A, BAC Florida Bank, Banco Cuscatlán de El Salvador, S.A, Banco Aliado, S.A, BHD International Bank (Panamá), S.A, Banco Internacional de Costa Rica, S.A, Banco Panamá, S.A, BAC International Bank, Inc, Bancaribe Cuaraçao Bank N.V, Towerbank International, Inc, Unibank, S.A, Banco Ficohsa (Panamá) S.A and Brickell Bank, Bi-Bank, S.A acted as underwriters.

Proceeds of the offering will be used to refinance the existing debts.

In Costa Rica, Vector Legal has advised GMC Holding S.A. (Grupo Monge) with Jessica Salas Arroyo, Gabriela Gómez Solera and Andrea Martín.

In US, Simpson Thacher & Bartlett LLP has advised GMC Holding S.A. (Grupo Monge) with Jaime Mercado, Robert Holo, Hyang-Sook Lee, Ismael Duran, Pablo Richards and Deborah Plum.

In Guatemala, Bufete López Cordero has advised GMC Holding S.A. (Grupo Monge) with Guillermo López Davis.

In Salvador, Lexincorp has advised GMC Holding S.A. (Grupo Monge) with Antonio Guirola.

García & Bodán has advised GMC Holding S.A. (Grupo Monge) with Vanessa Oquelí.

In Panama, Fabrega, Molino & Mulino has advised GMC Holding S.A. (Grupo Monge) with Agustín Preciado and Alejandro Vásquez.

In Perù, García Sayán Abogados has advised GMC Holding S.A. (Grupo Monge) with Luis Gastañeta Alayza.

In US, Holland & Knight LLP has advised Banco Latinoamericano de Comercio Exterior with Stephen Double and Laura Güemes.

Consortium Legal has advised Banco Latinoamericano de Comercio Exterior with Mario Quesada Bianchini, Randall Barquero León, Rafael Alvarado, José Rafael Rivera, Oscar Samour, Rodrigo Taboada, José Ramón Paz Morales, Susana Raventós Chaves, María Isabel Briz, Felipe Aragón and Andrés Cuadra.

In Perù Garrigues has advised Banco Latinoamericano de Comercio Exterior with Oscar Arrús and Jorge Fuentes.

In Panama, Arias, Fábrega & Fábrega has advised Banco Latinoamericano de Comercio Exterior with Rodrigo Cardoze, María Cristina Guardia and Fernando Arias F. (Jr).

Involved fees earner: Guillermo Lopez Cordero – Bufete López Cordero; Jessica Salas Arroyo – Vector Legal; Gabriela Gómez Solera – Vector Legal; Andrea Martín Jiménez – Vector Legal; Antonio Guirola Moze – Lexincorp; Agustín Preciado – Fábrega, Molino & Mulino; Alejandro Vásquez – Fábrega, Molino & Mulino; Rodrigo Cardoze – Arias Fabrega & Fabrega; María Cristina Guardia – Arias Fabrega & Fabrega; Fernando Arias F. – Arias Fabrega & Fabrega; Mario Quesada Bianchini – Consortium – Legal; Randall Barquero León – Consortium – Legal; Rafael Alvarado-Riedel – Consortium – Legal; José Rafael Rivera – Consortium – Legal; Oscar Samour Santillana – Consortium – Legal; Rodrigo Taboada – Consortium – Legal; José Ramón Paz Morales – Consortium – Legal; Susana Raventós Chaves – Consortium – Legal; María Isabel Briz Goicolea – Consortium – Legal; Felipe Aragón Vassiliu – Consortium – Legal; Andrés Cuadra – Consortium – Legal; Jazna Vanessa Oquelí de Riera – García & Bodán; Luis Gastañeta – García Sayán Abogados; Jaime Mercado – Simpson Thacher & Bartlett; Hyang-Sook Lee – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Deborah Plum – Simpson Thacher & Bartlett; Stephen Double – Holland & Knight; Laura Guemes Cambras – Holland & Knight; Oscar Arrús – Garrigues; Jorge Fuentes – Garrigues;

Law Firms: Bufete López Cordero; Vector Legal; Lexincorp; Fábrega, Molino & Mulino; Arias Fabrega & Fabrega; Consortium – Legal; García & Bodán; García Sayán Abogados; Simpson Thacher & Bartlett; Holland & Knight; Garrigues;

Clients: Banco Latinoamericano de Comercio Exterior S.A.; GMC Holding S.A.;

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Author: Ambrogio Visconti.