RC Law instructed on Quito metro financing
RC Law advised Global Quality Steel in obtaining a $15 million short term facility with Corporacion Interamericana para el Financiamiento de Infraestructura (CIFI).
Global Quality Steel (GQS) is a Swiss global reinforcing steel manufacturer with offices in Spain, Mexico, Panama, Colombia, Ecuador and Peru. The company designs, supplies, manufactures, and delivers comprehensive and customized solutions for steel engineering needs in large civil engineering projects in the construction industry.
The proceeds of the facility will be used in the financing of a $127 million contract with the Quito Metro L1 Project.
Atlantico Capital acted as exclusive financial advisor for GQS under the Facility and Corporacion Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as Mandated Lead Arranger.
Partner Xavier Ruiz led the RC Law team acting as New York counsel to the borrower.
RC Law is a transactional boutique law firm which focuses on on cross-border corporate and corporate finance transactions with an emphasis in Latin America. It also provides legal advice on commercial and employment matters. The firm was founded in 2016 by Xavier Ruiz, a former partner at Holland & Knight in New York.