Pellerano & Herrera instructed on Cap Cana debt restructuring

Dominican Republic law firm Pellerano & Herrera acted for the bondholders´ committee in the restructuring of over $350 million debt of Cap Cana.

Cap Cana is a real estate project featuring golf, yachting, equestrian and eco-park facilities, beaches and other leisure amenities, located on the Eastern coast of the Dominican Republic.

With this deal, the company completed the restructuring of its 10% Senior Secured Notes and 10% Senior Secured Recovery Notes, both due 2016. The debt restructuring is part of the wider reorganisation and re-launch of Cap Cana. 

Partner Luis Pellerano led the team at Pellerano & Herrera advising the bondholders under Dominican Republic law.

The bondholders also instructed Greenberg Traurig as international counsel.

Cap Cana retained Mayer Brown in the US.

Ignacio Abella