The loan was reported in The Latin Lawyer. Partners Michael Hagan and David Camerini and associate Eric Fidel in New York advised the Favorita Group, a leading Ecuadorean company in the fruit sector and in other product areas, in obtaining a USD $102 million syndicated loan to retire short-term debt and expand operations. Banco Latinoamericano de Comercio Exterior (Bladex) acted as arranger, bookrunner, agent and lender in the deal. The lending syndicate led by Bladex included an additional ten major regional financial institutions.
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