Jiménez de Aréchaga, Viana + Brause acted as local legal advisor to Arcos del Sur SRL

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Jiménez de Aréchaga, Viana + Brause acted as local legal advisor to Arcos del Sur SRL in the financing of US$ 167.300.000 granted to the Brazilian subsidiary of Arcos Dorados, Arcos Dourados Comérico de Alimentos Ltda.

The company structured the transaction with five lenders, namely, Citibank N.A., Bank of America N.A., Itau BBA International PLC, JPMorgan Chase Bank N.A. and Banco Santander (Brazil) S.A., Cayman Islands Branch. The financing had a US dollar equivalent to US$167,300,000 and was closed on March 29th, 2016.

The working team was led by Virginia Brause and Magdalena Secco (Senior Associate) as well as Aparicio Howard (Junior Associate).