PPU Colombia counsels PG Impact on an unsecured syndicated loan agreement

Philippi Prietocarrizosa Ferrero DU & Uría has assisted PG Impact Investments on a $20 million loan to Bayport

PPU Colombia assisted PG Impact Investments I L.P. in connection with an unsecured syndicated loan agreement governed by New York Law through which PG Impact Investments and other funds located in Luxemburg and Guernsey disbursed $20 million to Bayport Colombia S.A.

The legal advice involved reviewing the loan agreement, issuing a legal opinion and support in the closing to check all the precedent conditions’ fulfilment.

The loan also involved a hedge structure in mitigating the foreign exchange exposure of the borrower.

Philippi Prietocarrizosa Ferrero DU & Uría team was led by partner Hernando Padilla (pictured), and involved associates Ximena González and Manuela Arango.

Kirkland & Ellis acted as the New York counsel to PG Impact Investments I L.P.