Arnold & Porter Assists Banco de Costa Rica in Its First Syndicated Loan from Bladex

WASHINGTON, DC, January 8, 2015 - Arnold & Porter LLP’s Washington, DC office represented Banco de Costa Rica in obtaining a US$125 million syndicated loan from Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and a lending group of nine international lenders. The credit facility was the first such financing agreed to by Costa Rica’s oldest and second largest bank during its 138-year history. The firm’s client will use the proceeds from the five-year, senior unsecured loan to increase its liquidity and grow its US dollar loan portfolio. The deal closed on 19 December 2014.

The Arnold & Porter team in the transaction was led by partner Raul R. Herrera with the assistance of foreign attorney Tomas Winter. Banco de Costa Rica’s legal team included in-house counsel, Maria Alejandra Gutierrez Segnini, and its general counsel, Eduardo Ramirez.  

Arnold & Porter has represented both lenders and borrowers in hundreds of syndicated, structured, and export credit agency (ECA) financings throughout Latin America for decades.  We have served as special outside counsel for major Latin American companies in financings, investments, and debt restructurings, and have represented banks and specialized finance institutions in lending transactions. Arnold & Porter, along with several of our senior lawyers, is ranked as a leading law firm in Latin America for Banking & Finance and Capital Markets by Chambers Latin America 2015.

Arnold & Porter LLP is an international law firm of nearly 800 lawyers with offices in Brussels, Denver, Houston, London, Los Angeles, New York, San Francisco, Silicon Valley, and Washington, DC.  The firm, founded in 1946, maintains more than 25 practice areas spanning a broad spectrum of the law, with a primary focus on litigation, transactional matters, and regulatory issues.