Cuatrecasas advises Decameron Group on USD 189 million syndicated financing

Cuatrecasas advised the Decameron Group on financing for a total of USD 189 million. The financing, provided by a syndicate of financial institutions and led by Itaú Corpbanca, will be used to refinance its loan. It is structured in two contracts: a local currency credit facility subject to Colombian law for COP 367.3 billion, and a credit facility subject to New York law for USD 83.8 million.

Cuatrecasas advised on structuring and implementing the guarantees to be extended for its Spanish subsidiary, Decameron Spain.

The group owns and operates all-inclusive hotels and resorts in many countries in South America and the Caribbean, including Colombia, Ecuador, El Salvador, Jamaica, Mexico, Panama, and Peru.

The Cuatrecasas advisory team for the Decameron Group on this transaction was led and coordinated by partners José Luis Gaudier and Manuel Follía.