Banking & Financial Services Regulation
Banking & Financial Services Regulation

In this rapidly changing market, commercial lending and corporate finance attorneys must have a broad base of legal expertise and the business acumen to effectively and efficiently structure and close financing transactions and achieve their clients’ business objectives. This is what our clients deserve, and this is what we deliver.

This practice group has extensive experience in all aspects and phases of lending and financing transactions. It has successfully closed thousands of commercial lending transactions, encompassing all levels of complexity.

We Handle

  • Term sheets
  • Credit facilities
  • Commitment letters and letters of intent
  • Loan and financing documents
  • Security interests
  • Accounts receivable
  • Inventory
  • Equipment
  • Ownership interests
  • Intellectual property
  • Tax, employee benefits
  • Environmental issues

Representative Matters and Transaction

  • In a groundbreaking and first-ever transaction in Puerto Rico, acted as local counsel to several entities in a world-class P3 transaction involving Luis Muñoz Marín International Airport, specifically involving: (i) the re-financing of a portion of the leasehold fee and certain other costs and expenditures associated with the airport lease agreement, through the issuance and sale of senior secured notes in the aggregate principal amount of $350 million; and (ii) the financing of certain other costs and expenditures (including capital expenditures) associated with the P3 transaction through a senior secured term loan commitment in the aggregate principal amount $50 million and revolving facility of $10 million.
  • Acted as local counsel to a manufacturing and logistics industries in connection with a revolving line of credit, swing loans and letter of credit issuances from a national bank and other lenders party thereto in the principal amount of up to $300 million.
  • Acted as local counsel to a nationwide specialty retailer in connection with a revolving line of credit, swing loans and letter of credit issuances from a Fortune 500 company and other lenders party thereto in the principal amount of up to $115 million.
  • Acted as local counsel to a gasoline wholesaler brand with the restructuring of its Puerto Rico inventory financing facilities with an international bank in an aggregate amount in excess of $100 million.
  • Counsel to a shopping center conglomerate with several financings, re-financings and loan modifications in an aggregate amount in excess of $85 million.

Publications

  • The International Comparative Legal Guide to: Lending & Secured Finance 2015, Puerto Rico Chapter, authored by José Fernando Rovira Rullán and Carlos M. Lamoutte Navas. This article appeared in the 2015 edition of The International Comparative Legal Guide to: Lending & Secured Finance, published by London-based Global Legal Group.

Notable Cases & Transactions

$700 Million renewable energy investment

Handled the first and single Puerto Rico resource recovery project for the development, design, financing, construction and operation of a 2,100 ton/day, 80MW renewable energy power plant using processed refuse[…]
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$14 Million credit agreement

Acted as counsel to bank in the closing of a $14 million credit agreement for the financing of seven solar photovoltaic energy projects involving the P.R. Aqueduct and Sewer Authority,[…]
World Class Public Private Partnership Transaction

World class public private partnership transaction

In a groundbreaking transaction and first-ever in Puerto Rico, Ferraiuoli acted as local counsel to the entities listed below in a world-class P3 transaction involving Puerto Rico’s Luis Muñoz Marín[…]
Federal Deposit Insurance Corporation (FDIC)

Federal deposit insurance corporation (FDIC)

Acted as local counsel to the Federal Deposit Insurance Corporation in the 2010 consolidation of three failed Puerto Rico banks, including the drafting of the perfection of a security interest[…]