BLP assisted IDB Invest in the granting of a line of credit of $96 million to Elcatex and San Juan Textiles, located in Honduras, to support economic development and export diversification in addition to promoting the financing of capital investments, working capital, and restructuring of liabilities to expand Elcatex’s production capacity.
BLP advised the seller, Grupo Orbis (Pintuco), on this regionally impactful transaction employing attorneys from each of our offices in Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala, as well as coordinating with lawyers in Panama. Besides conducting due diligence in the jurisdictions of Central America, BLP also analyzed the competition in each of the countries and if required will support any antitrust filings. Our consultancy covered the legal areas of business law, tax, labor, regulatory, intellectual property, compliance, competition, real estate, environment, and litigation.
With the advice of BLP, Banco Agrícola in El Salvador successfully placed $300 million with investors around the world.