Press Releases

BLP has advised IDB Invest on the grant of a loan of up to $115,000,000 to Banco Davivienda (Costa Rica) S.A. financed by IDB Invest and several external lenders. The loan will be used to expand Davivienda’s portfolio of green products and favor the reduction of greenhouse gas emissions through support and financing of the environmental and social agenda of banks in Costa Rica to enable the offering of customized green financial resources ...

BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million disbursement from the revolving credit funded the repayment of the Company’s existing Term Loan A and Term Loan B in full. Truist Securities, Inc ...

IDB Invest has granted a $40 million financial package to the companies Elcatex and San Juan Textiles, both members of Grupo Elcatex, one of the leading textile conglomerates in Honduras with more than 15,000 employees. The financing consists of $25 million from IDB Invest and the mobilization of $15 million ...

BLP has advised Cementos Progreso Holdings, S.L. on the $335 million acquisition of assets from Cemex, S.A.B of C.V. in Costa Rica and El Salvador. Our international teams performed due diligence and provided local legal advice on the signing of an agreement by Cementos Progreso Holdings S.L. (“Cementos Progreso”) to acquire the Costa Rican and Salvadoran subsidiaries of the business group CEMEX, S.A.B. of C.V. (“CEMEX”) ...

BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green Park Industrial Park, which will increase the availability of industrial facilities in Costa Rica ...

BLP has advised IDB Invest on its senior loan for up to $25 million to American Industrial Park S.A. de C.V. (AIP). AIP is one of the leading companies in El Salvador in the construction and administration of free trade zones and industrial parks, with more than 25 years of experience in the market. It currently manages more than 200,000 m2 of industrial space, housing 26 companies that employ more than 12,000 people ...

One in three partners at Central American firm BLP are now women after a promotion in Nicaragua and a hire in Costa Rica, bucking regional diversity norms. Administrative and real estate lawyer Sofia Zuniga, 38, joins the firm’s San José office as senior counsel from Costa Rican law firm Legal & Business Advice, while energy and infrastructure practitioner Claudia Prado, 44, has been promoted in Managua. The firm now counts five counsel and 30 partners across Central America and Spain ...