MCRM advises Adium on $130m loan receipt
Mitrani, Caballero & Ruiz Moreno has represented Adium Pharma as borrower in the 130 million loan granted by Banco Itaú
Mitrani, Caballero & Ruiz Moreno Abogados has advised Adium Pharma S.A. as borrower, in a loan agreement up to a maximum principal amount of $130,000,000 US dollars by Banco Itaú Uruguay S.A., as sole lead arranger and bookrunner, together with other financial institutions and banks, as lenders and TMF Group New York LLC, as administrative agent.
Adium’s parent company and certain subsidiaries of the borrower have provided corporate guarantees. The loan proceeds will be used to finance Adium’s acquisition of certain pharmaceutical products from Takeda Pharmaceutical International AG in Argentina, Colombia, Ecuador, Peru, Guatemala, Costa Rica, Panama and other Caribbean countries.
This transaction was closed on 15 December 2021, where MCRM advised Adium in Argentina, while Bergstein Abogados, Harney Westwood & Riegels LP, Caraza y Morayta Abogados and Reyes & Reyes Abogados acted as advisors to Adium in Uruguay, the British Virgin Islands, Mexico and Colombia respectively. In addition, Banco Itaú and the other Lenders were advised by Milbank LLP in Argentina, Guyer & Regules on legal matters in Uruguay, Conyers Dill & Pearman in the British Virgin Islands, Kuri Breña, Sánchez Ugarte y Aznar S.C. in Mexico, and Brigard & Urrutia in Colombia.
Adium is a pharmaceutical company founded in 1975 with headquarters in Uruguay and operating in 18 countries in Latin America, dedicated to the development, production and commercialisation of pharmaceutical products, providing access to physicians and patients in Latin America to innovative and quality treatments with a commercial portfolio that includes own brand generics and innovative pharmaceutical products under license in the areas of oncology, rheumatology, pain, urology, women’s health, neurology, cardiology and gastroenterology.
MCRM’s team was composed by partner Mercedes Rodriguez Giavarini (pictured left) and associate Juan Vignolo (pictured right).
Bergstein Abogados’ team included partners Jonas Bergstein and Leonardo Melos, along with associate Santiago Di Bello.
Harney Westwood & Riegels LP’s team consisted of partner Joshua Mangeot and associate Edward Lacey.
Caraza y Morayta Abogados participated through partner Fernando Morayta.
Reyes & Reyes Abogados was represented by partner José Luis Reyes Villamizar.
Milbank LLP team was led by partner Carlos Albarracin, assisted by associates Gonzalo Guitart and María Velasco.
Guyer & Regules team was made up of partner Diego Baldomir, together with associates Javier Napoleone and Micaela Urchitano Pastorini.
Conyers Dill & Pearman was supported by partner Robert Briant.
Kuri Breña, Sánchez Ugarte y Aznar S.C. team comprised partner Rodrigo López Márquez and associate Alvaro Alán Perez Caballero.
Finally, Brigard & Urrutia’s team integrated partner César Felipe Rodríguez Parra and associates Juan Eduardo Gómez Londoño and Sebastián Ortegón González.
