The Firm recently represented Grupo de Inversiones Suramericana S.A. (“Grupo Sura”) in connection with a $500 million senior secured term loan facility made available by Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Banco General, S.A., Banco Latinoamericano de Comercial Exterior, S.A., Citibank, N.A. and Itaú Chile New York Branch.
The proceeds of the loans will be used to finance the tender offer to acquire shares of Grupo Nutresa and other transactions contemplated in the framework agreement among Grupo Nutresa S.A., Nugil S.A.S., IHC Capital Holding LLC, JGDB S.A.A. Grupo Sura and Grupo Argos S.A.
Sura is a Latin American regional financial and related services company, with core investments in the leading bank in Colombia, the leader in the regional pension management industry, and the third largest insurance company of Latin American origin.
The Simpson Thacher team included Juan F. Mendez, Jomar Vargas, Laura Ribero and José M. Colin (Credit); Michael Mann (Tax); Jeanne M. Annarumma (Executive Compensation & Employee Benefits); and Michael Isby (Environmental).