Milbank LLP advised the sole lead arranger and bookrunner in connection with the US$80 million senior secured syndicated term loan facility for Frigorifico Concepción, a leading beef processing company in Paraguay, with presence in the United States, Brazil, Bolivia and Chile. The proceeds of the financing, which closed on December 21, 2023, were used for general corporate purposes.
The Milbank deal team was led by Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America Group, along with Jaime Ramirez, partner in the Global Project, Energy and Infrastructure Finance Group, special counsel Andres Osornio Ocaranza, associates Amanda Borges and Bailey Miller and international attorney Felipe Maia. The team also included Tax partner Andrew Walker and associates David Hanno and Elaine Lee, as well as Leveraged Finance Group special counsel Janet Nadile.
Mr. Mottesi said, “We are pleased to have advised the sole lead arranger and bookrunner on another financing for Frigorifico Concepción.”
