Cuatrecasas and Pérez-Llorca advise on Colombian operation
Cuatrecasas has advised Grupo Decameron and Pérez-Llorca has counselled Itaú CorpBanca.
The Ffnancing was granted by a syndicate of financial institutions, led by Itaú CorpBanca, is aimed to refinancing the pre-existing debt of the lodging company Grupo Decamerón. It has been structured in two contracts: a loan subject to Colombian law and in local currency for COP$367.3 billion ($105.2 million) and a loan subject to New York law for $83.8 million.
As part of this transaction, Cuatrecasas advised on the structuring and formalisation of the guarantees to be provided by its Spanish subsidiary, Decameron España.
The group owns and operates accommodation facilities under the all-inclusive concept in Colombia, Ecuador, Mexico, Peru, Jamaica, El Salvador, and Panama, among other Latin American and Caribbean countries.
The Cuatrecasas team that advised Grupo Decameron on this deal was led and coordinated by Barcelona office Tax partner José Luis Gaudier (pictured left) and Finance partner Manuel Follía (pictured centre).
On the other hand, Pérez-Llorca acted for Itaú CorpBanca Colombia, advising on Spanish Law matters, with a team comprised of Banking partner Ander Valverde (pictured right) and associate Antonio Castro Martínez-Echevarría..
