Simpson Thacher Represents Cap Cana, S.A. in Restructuring of its Term Loan
12.04.08
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The Firm represented Cap Cana, S.A. in the restructuring of its $100 million term loan with Deutsche Bank and Morgan Stanley. In connection with the restructuring, 100% of the outstanding principal amount under the term loan was assigned to new lenders and the final maturity date was extended, allowing Cap Cana to seek additional restructuring alternatives.
Cap Cana, S.A. is one of the largest real estate companies in Latin America and the Caribbean and one of the largest companies in the Dominican Republic. Its principal holding is Cap Cana, a 30,000 acre luxury, second-home real estate project under development which is located on the eastern coast of the Dominican Republic.
The Simpson Thacher team for the transaction included, among others, George Miller, Jaime Mercado, Ben Wolf and Alex Delacruz (Corporate).