Banca y Finanzas - Jimenez Peña Abogados

Banking and Finance

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 lenders in financing companies in the Dominican market.

This industry is in a recovery process after the portfolio damages suffered by the pandemic caused by the COVID-19 virus and is actively seeking new opportunities for the financing of projects and companies that seek to continue the operation of their businesses to modify or reinvent their operations, as well as the opening of new business units.

Our Experience

Our clients receive the advice of a leading team in assistance related to all legal and commercial aspects for the operation, financing and expansion of their investments in the Dominican Republic, supporting our clients in all aspects of the industry, including regulatory, contractual, real estate, among others. We have a team with unparalleled experience in representing financial intermediaries, project developers, and local and multilateral lenders.

Our practice also extends from assistance with the evaluation of the feasibility of entering the Dominican market of these entities and the structuring of corporate governance, to assistance with the daily operations of these companies and due diligence and financing structuring.

Our clients recognize us for the handling of the local due diligence process, the structuring of acquisition and financing, considering regulatory, corporate, technical and fiscal aspects.

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 electricity 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 completion and registration at the national level of all mortgage guarantees, pledges and collateral assignments granted by the debtor.
Representation of Inter-American Investment Corporation (IDB Invest) in the perfecting of a senior secured loan for an amount of up to USD10MM, to an educational foundation in the Dominican Republic, with the purpose of financing CAPEX investments and related 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.