Clifford Chance advises on secured loan to Colombian investment manager Grupo SURA

April 19, 2024

Hugo Triaca, Andrés Berry (He/Him), Paula Ferreira, Maria Fernanda Gadea Rivera, Agata Radajczyk, Avrohom Gelber, Wei Bin Tan, Megan Gordon, Catherine Ennis (She/Her), Jacqueline Landells (She/Her)
New York

Clifford Chance advises on secured loan to Colombian investment manager Grupo SURA

Global law firm Clifford Chance has advised Citibank, N.A.; Banco Bilbao Vizcaya Argentaria, S.A. New York Branch; Banco General, S.A.; Banco Latinoamericano de Comercio Exterior, S.A.; and Itaú Chile New York Branch, as lenders, on a US$500 million secured loan to investment manager Grupo SURA. The proceeds of the loan were used to finance the tender offer to acquire shares of Grupo Nutresa, a food-processing conglomerate based in Colombia.

The Clifford Chance team advising on the deal was led by partner Hugo Triaca and associate Andrés Berry, and included associates Paula Ferreira and Maria Fernanda Gadea Rivera and Agata Radajczyk. Partner Avrohom Gelber and associate Wei Bin Tan provided tax advice and partner Megan Gordon, and counsel Catherine Ennis and Jacqueline Landells advised on compliance matters.

Clifford Chance advises on many transactions in Colombia, most recently on the financing for a midstream growth project on Colombia's Caribbean coast.