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Consortium instructed on multi-jurisdictional loan by Citibank

  • News
  • 4 October 2016
  • 75
  • 1 minute read
Citibank instructed the Guatemala, Nicaragua and Costa Rica offices of Consortium Legal as local counsel on an $87 million loan to AJEGROUP.

The loan consists of a $87 million senior secured multi-currency term loan facility. Several affiliates of the borrower AJEGROUP will act as guarantors in the jurisdictions of Mexico, Peru, Colombia, Guatemala, Costa Rica and Nicaragua.

AJEGROUP is a multinational company which focuses on the manufacturing, distribution and sale of alcoholic and nonalcoholic beverages. The company is dually headquartered in Lima, Peru and in Madrid, Spain. It operates in 22 countries across five continents.

Partners Rodrigo Taboada, Mario Quesada and Alvaro Castellanos led the teams at Consortium Legal in Nicaragua, Costa Rica and Guatemala respectively.

Citi and the other lenders retained Milbank as international counsel.

Clifford Chance advised Ajegroup under international law.

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Ignacio Abella

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

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