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Arturo Caraballo has extensive experience representing clients in a broad range of financial transactions, with emphasis on Latin America.

Mr. Caraballo has advised foreign and domestic, sovereign and private sector clients on hundreds of complex transactions throughout Latin America. The transactions on which he has advised clients include capital markets offerings and liability management operations; bilateral and syndicated loans; debt restructurings; project and structured financings; export and multilateral credits; investment management agreements; and swap and derivative transactions.

Mr. Caraballo is a member of the firm's LIBOR Transition Working Group. He has recently advised clients on the incorporation of LIBOR fallback language in their loan agreements and derivatives documentation, as well as issues concerning alignment of LIBOR fallback language in loan agreements and associated derivatives.

Mr. Caraballo co-chaired the firm's task force that has been focused on small business assistance provided by the US government in response to the COVID-19 pandemic. In this connection, Mr. Caraballo has advised numerous firm clients regarding Paycheck Protection Program (PPP) loans and M&A transactions involving PPP borrowers.

Mr. Caraballo first joined the firm in 1997 and spent nearly a decade as an associate and then partner in the firm's Corporate and Securities practice. Before returning in 2015, he served as President and General Counsel of Veris Consulting, Inc. where he managed a wide range of contractual, corporate, litigation and risk management matters for the accounting and financial management consulting firm and oversaw the firm's day-to-day operations.

Mr. Caraballo graduated from Tulane Law School and has served on the Board of Directors of the Hispanic Bar Association of the District of Columbia. He is fluent in Spanish.


Mr. Caraballo has acted as counsel to sovereign and private sector clients in connection with hundreds of bilateral and syndicated loans, restructurings, project financings, and other structured financings, and export and multilateral credits.

Recent representative matters:

  • The Wine Group in connection with syndicated loan facility, including incorporation of LIBOR transition provisions.
  • Republic of Panama in connection with LIBOR transition issues associated with loan facilities and related hedging arrangements.
  • ESP Opportunities, LLC (ESP), a private investment firm focused on environmental services and water related investments, in its recent acquisition of land for a mitigation bank project in Louisiana and related secured term loan facility and warrant issuance.
  • Republic of Colombia in connection with proposed participation as lender in debtor-in-possession financing for Avianca.
  • US bank on incorporation of LIBOR transition language into standard loan documentation and related matters.
  • Latin American corporation regarding LIBOR transition provisions applicable to syndicated loan and related interest rate swap.
  • Grupo de Energia de Bogota on a $749 million syndicated loan led by Citigroup Global Markets Inc; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Sumitomo Mitsui Banking Corporation and Bank of America, N.A.
  • MetroBank, S.A. in connection with A/B Loan provided by the Inter-American Investment Corporation (IDB Invest).
  • Empresa de Transmisión Eléctrica, S.A. in connection with $400,000,000 syndicated loan arranged by Citibank, N.A.
  • Republic of Panama in connection with $156,000,000 and $81,000,000 financings arranged by Citibank Japan Ltd., with credit enhancement provided by NEXI, for the construction of the Madden-Colon toll road.
  • New York-based hedge fund, as creditor, in connection with the insolvency proceedings of Empresas ICA S.A.B. de C.V.
  • Panamanian bank in connection with loan portfolio securitization and related issuance of $64,000,000 Senior Secured Notes.
  • New York-based hedge fund in connection with $215 million secured loan to two subsidiaries of Empresas ICA S.A.B. de C.V. The loan was guaranteed by Empresas ICA and secured by pledges of the shares of certain subsidiaries of Empresas ICA.
  • Itaú Unibanco, S.A. -- Nassau Branch and Banco Votorantim, S.A. -- Nassau Branch in connection with complex restructuring of multiple secured credit facilities provided to oil and gas company in Argentina and various of its affiliates.
  • Credit Suisse (Brazil) Bahamas Limited in connection with intercreditor arrangements with another syndicate member, including settlement of related credit default swap, under export prepayment facility provided to Brazilian rubber manufacturer.
  • Banco Internacional de Costa Rica, S.A., Banco Aliado, S.A. and Metrobank, S.A., Panamanian financial institutions, as borrowers in connection with syndicated loan facilities arranged by Banco Latinoamericano de Comercio Exterior (BLADEX).


The Legal 500 Latin America
Banking & Finance (2017-2019, 2022-2023)
Capital Markets (2017-2019, 2021-2023)
Latin Lawyer 250
Capital Markets (2018–2022)
Banking & Finance (2018–2021)
The Legal 500 US
Capital Markets: Global Offerings - Advice to Corporates (2016)



  • J.D., Tulane University Law School, 1997
  • B.A., Tulane University, 1993


  • District of Columbia


  • Spanish