Hugo Triaca and Evan Cohen

CC on multi-jurisdictional secured financing for Unicomer

Clifford Chance has advised Banco General and Citigroup Global Markets, as joint bookrunners and lenders, in connection with a USD $385 million senior secured syndicated loan to Grupo Unicomer.

The company will use the proceeds to refinance its 7.875% Senior Notes due 2024 and for general corporate purposes.

The financing is guaranteed by Unicomer subsidiaries in ten Latin American and Caribbean jurisdictions and secured by Unicomer’s receivables in Ecuador and Costa Rica.

Unicomer is a retail and consumer finance group headquartered in El Salvador that operates throughout Latin America and the Caribbean.

CC’s team included partners Hugo Triaca (pictured left) and Evan Cohen (pictured right), and associates Andrés Berry, Brianna Jones Rich and Alex Machado, with additional support from partners Megan Gordon and John-Patrick Powers and counsels Catherine Ennis and Jacqueline Landells advising on Regulatory matters; partner Avrohom Gelber and associate Callum Burnett advising on Tax; and partner Paul Koppel and associate David Walsh advising on ERISA.

L Giselle Estrada