Financiamientos - Jimenez Peña Abogados

Financing

Current industry challenges in the Dominican Republic

The Dominican Republic has important opportunities for the participation of national and international financial intermediation entities, as well as local and multilateral creditors in financing companies in the Dominican market. Due to the disastrous effects of the COVID-19 pandemic, actors from multiple sectors and markets at the international level have found it necessary to resort to financing to continue the operation of their businesses for the modification or reinvention of their operations. or the opening of new business units.

Our Experience

Our clients receive advice from a team with vast experience in all legal and commercial aspects for the financing and expansion of their investments in the Dominican Republic. Additionally, we have an excellent track record in assisting financial intermediation entities, as well as multinational corporations, including Fortune 500 companies.

Our clients value us for having the legal knowledge and business mindset that allows us to fully understand their expectations. Our firm maintains a solid relationship with the authorities, thus ensuring the successful implementation of highly complex international financing.

Clients

JP’s clients include multiple and commercial banks, bilateral and multilateral development banks, investment funds, trusts, credit corporations, national and multinational companies.

Relevant Cases

Representation of Citibank, N.A. in the process of due diligence, structuring and disbursement of a senior secured loan for the sum of USD125MM, granted in favor of one of the largest infrastructure construction companies in the Dominican Republic, in order to refinance its existing debt.
Representation of Banco Múltiple BHD León, S.A., in the process of due diligence, structuring and disbursement of a senior secured loan for the sum of USD45MM in favor of one of the largest power generation companies in the Dominican Republic, for capital investment in an SPV in charge of the development, construction, installation, operation and maintenance of a traditional natural gas pipeline of approximately 50 kilometers in length and 50TBtu per year.
Representation of Citibank, N.A. in the process of due diligence, structuring and disbursement of a syndicated loan to one of the largest oil and derivatives corporations in the world, amounting to USD100MM, including a currency swap for risk coverage of 60% of the payment of loan interest. Likewise, the transaction included the improvement and registration at the national level of all the mortgage guarantees, pledges and assignments in guarantee granted by the debtor.
Representation of Inter-American Investment Corporation (IDB Invest) in the perfecting of a senior guaranteed loan for an amount of up to USD10MM, to an educational foundation in the Dominican Republic, with the purpose of financing CAPEX investments and working capital needs. in connection with its investment plan to secure future needs for educational programs, facilities and laboratories, and the acquisition and application of educational software.