Release 05 – Affinitas Alliance advised Citibank in a loan granted to NG Closures S.A.C.
The Affinitas Alliance advised Citibank N.A. in the secured financing granted to the Peruvian company NG Closures S.A.C. for an amount of up to USD $46,000,000, through three of its member firms acting as local counsels in each of the jurisdictions: Gómez-Pinzón Abogados (Colombia), Barros & Errázuriz (Chile) and Miranda & Amado (Perú). The firm Pérez Bustamante from Ecuador participated in this transaction offering advice to the Ecuadorian company involved in the transaction.
The proceeds of the loan were used for the repayment, directly or indirectly, of the debt of the subsidiaries of NG Closures S.A.C.
NG Closures and its affiliated companies in Chile, Ecuador and Colombia design, fabricate and distribute a wide variety of bottle caps for the soft drinks, water, juices, breweries and pharmaceutical products industries. They are among the top 3 bottle caps manufacturers in Latin America.
This was a complex transaction since it involved Law from different jurisdictions: New York, Perú, Colombia, Chile and Ecuador.
The Affinitas Alliance, based in Latin America, is composed of four leading law firms in each of the jurisdictions where they operate. Since its creation in 2004, Affinitas has been considered the most potential network in the region, due to the relevance and importance of each of its member firms: Gómez-Pinzón (Colombia), Miranda & Amado (Perú), Barros & Errázuriz (Chile) and Mijares Angoitia Cortés y Fuentes (México).
This transaction reaffirms the commitment and capability of the Affinitas Alliance to assist its clients in their international transactions, providing them with the same high-quality standards and services in each of the involved jurisdictions.
The Affinitas lawyers involved in this transaction from each of the member firms were:
Chile – Barros & Errázuriz
- Gonzalo Molina
- José Tomás Lavín
- Francisca Ossa
Colombia – Gómez Pinzón Abogados
Perú – Miranda & Amado
- Juan Luis Avendaño Cisneros (Socio)
- Gabriela Dañino (Asociada)
- José Villafuerte (Asociado)
- Rafael Santin (Asociado)