Lota Protein secures refinancing with DNB Bank by amending credit agreement

Cuatrecasas has advised Lota Protein S.A. on amending its credit agreement with DNB Bank, to extend credit lines for the total amount of USD 213 million.

This transaction has enabled Norwegian-financed fishing company Lota Protein to extend the financing for its working capital. It was also able to amend the existing financing conditions to increase the flexibility of its resources and improve operational efficiency. The transaction involved multijurisdictional negotiation to extend the company’s current credit lines, together with the accompanying guarantees.

The team handling this transaction was made up of Cuatrecasas lawyers Roberto Guerrero, Macarena Ravinet and Tomás Montes.