Grupo Monge Closes Term Loan
05.12.17
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Simpson Thacher recently represented GMG Holdings, S.A. (“Grupo Monge”) and its affiliates in connection with a $120 million syndicated term loan facility arranged by Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX). The loan proceeds were used to re-finance existing debt.
Grupo Monge is an electronics and appliance retailer headquartered in Costa Rica with operations throughout Central and South America and the Caribbean and retail outlets in Costa Rica, Nicaragua, Honduras, El Salvador, Guatemala and Perú.
The Simpson Thacher team included Jaime Mercado, Soogy Lee and Pablo Richards (Banking and Credit); and Deborah Plum (Tax).