Simpson Thacher Represents Grupo Sura in $300 Million Senior Term Loan Facility
The Firm recently represented Grupo de Inversiones Suramericana S.A. (“Grupo Sura”) in connection with a $300 million senior unsecured term loan facility made available by Banco Bilbao Vizcaya Argentaria, S.A. New York Branch and J.P. Morgan Securities plc. The proceeds of the loans were used to refinance Grupo Sura’s existing indebtedness.
Grupo Sura is a Latin American regional financial and related services company, with core investments in the leading bank in Colombia, the leader in the regional pension management industry, and the third largest insurance company of Latin American origin.
The Simpson Thacher team included Juan F. Mendez, Jomar Vargas, Isabel De Carvalho and Alicia Corbo (Credit); and Michael Mann (Tax).