Clifford Chance

Clifford Chance advises Barranquilla, Colombia-based Procaps, S.A. on multi-jurisdiction notes private placement

December 8, 2021

• Hugo Triaca, , Martin Wurth, Eimear O'Dwyer, Marie-Elise Gueble, Megan Gordon, Catherine Ennis (She/Her), Jacqueline Landells (She/Her), , Cliff Cone, , Avrohom Gelber, Paul Koppel, , Thomas Koh (He/Him),
• New York, Washington D.C., Luxembourg

Clifford Chance advises Barranquilla, Colombia-based Procaps, S.A. on multi-jurisdiction notes private placement

Leading international law firm Clifford Chance has advised Procaps, S.A. (Procaps), in connection with a Section 4(a)(2) private placement of US$115 million aggregate principal amount of fixed-rate notes with a 10-year tenor (the Notes). With a direct presence in 13 countries, the Procaps group is a global integrated international healthcare enterprise that develops pharmaceutical and nutraceutical solutions, medicines and hospital supplies. Procaps used the proceeds from the Notes issuance to repay existing indebtedness and for general corporate purposes.

Commenting on the transaction, lead associate Luis Maria Clouet said: "This deal highlights the continued growth and strength of our private placement expertise in Latin America. It was great to work alongside the Procaps team on this key transaction for their growth strategy development and implementation."

Capital Markets partner Hugo Triaca added: “We are pleased to draw on the strength of our Clifford Chance team to work collaboratively towards a successful execution with Procaps and parties across multiple jurisdictions, including Colombia, Brazil, El Salvador, Malta and Luxembourg."

Working with Triaca and Clouet was a cross-border, cross practice team including:

• Luxembourg: partner Martin Wurth, senior associate Eimear O'Dwyer and juriste Marie-Elise Gueble
• Washington, DC: partner Megan Gordon, counsel Catherine Ennis and Jacqueline Landells and associate Luis Fortuño
• New York: partners Cliff Cone, David Felsenthal, Avrohom Gelber and Paul Koppel and associates Eric Bernstein, Thomas Koh and David Martinez (advising on the corporate, compliance, tax, '40 Act and derivatives aspects of the transaction)

Clifford Chance advises on many landmark transactions in Colombia. The firm recently advised on the financing for public infrastructure projects in Barranquilla, Colombia as well as on a multi-currency, multi-tranche Colombian transmission line financing.