Simpson Thacher represents Grupo Monge in a term loan facility
Simpson Thacher has represented GMG Holdings (Grupo Monge) in connection with a term loan of USD $86 million arranged by Banco Latinoamericano de Comercio Exterior (BLADEX) of Panama.
The loan proceeds will be used to refinance existing debt and support the growth of Grupo Monge’s financing services.
Grupo Monge is a Costa Rica-based electronics and home appliance retailer with operations throughout Central and South America and the Caribbean, and outlets in Costa Rica, Nicaragua, Honduras, El Salvador, Guatemala, and Peru.
Arias Fábrega & Fábrega (ARIFA) advised Bladex through a team comprising partner Fernando Arias F. and associate Jennifer Sales.
Simpson Thacher’s team consisted of partners Juan Méndez (pictured left) and Borja Marcos (pictured right), associate Jomar Vargas and international associate Begoña Rodríguez.
