Ferrere, through its team in Uruguay, has counselled Mercuria Energy Trading on a convertible loan note financing for up to $60 million US dollars issued by Seacrest Petroleo.
The transaction was closed in early May and included the jurisdictions of Brazil, the UK and Bermuda.
The purpose of the investment is to support Seacrest’s acquisition of the Norte Capixaba cluster, as well as for other working capital reasons.
Mercuria Energy Trading is a global energy and commodities trading company, headquartered in Geneva, with a presence in more than 50 countries. It operates in the oil, fuel, natural gas and metals markets.
Ferrere’s team was led by partner Diego Rodríguez (pictured left), assisted by associates Cecilia Trujillo (pictured top right), Victoria Costa (pictured bottom right) and Paola Cabrera Mayoral.