MCRM advises Adium Pharma and Ternium on financing transactions
Mitrani Caballero & Ruiz Moreno has advised Adium Pharma on a US$120 million term loan financing by a consortium of banks led by Banco Itaú.
The transaction became effective on 18 June and the first disbursement was completed on 24 June. The funds will be used for the repayment of existing debt, capital expenditures and working capital.
The firm also advised Grupo Ternium on a US$100 million bilateral term loan facility granted by Banco Bilbao Vizcaya Argentaria (New York branch) to Ternium Brasil Ltda, guaranteed by its parent company Ternium Luxembourg.
The latter transaction became effective on 28 June, and the first loan disbursement was completed on 1 July. The funds will be used to finance the borrower’s exports of goods and services from Brazil.
MCRM’s team for both transactions was led by partner Mercedes Rodriguez Giavarini (pictured), with support from senior associate Catalina Sarrabayrouse for the Adium Pharma transaction, and senior associate Carolina Villar Freuler for the Ternium Group transaction.
