8 January, 2021 Colombia

PPU Colombia advised PG Impact on an unsecured syndicated loan agreement

Banking, Finance and Capital Markets

PPU Colombia advised PG Impact Investments I L.P. in connection with an unsecured syndicated loan agreement governed by New York Law through which PG Impact Investments and other funds located in Luxemburg and Guernsey disbursed $20 million to Bayport Colombia S.A.

The legal advice involved reviewing the loan agreement, issuing a legal opinion and support in the closing to check all the precedent conditions’ fulfilment.

The loan also involved a hedge structure in mitigating the foreign exchange exposure of the borrower.

Philippi Prietocarrizosa Ferrero DU & Uría team was led by partner Hernando Padilla and involved associates Ximena González and Manuela Arango.

Kirkland & Ellis acted as the New York counsel to PG Impact Investments I L.P.

Source: Iberian Lawyer

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