DLA Piper Advised FMO In Extending US$23 Million Trade Finance To Volcafé
The five-year term loan from FMO will be used by Volcafe as working capital needs for sourcing and commercializing coffee
DLA Piper Advised FMO In Extending US$23 Million Trade Finance To Volcafé
The five-year term loan from FMO will be used by Volcafe as working capital needs for sourcing and commercializing coffee originating in Costa Rica and Latin America.
DLA Piper has advised FMO, Dutch entrepreneurial development bank, in providing a US$23 million secured term facility to Volcafe Costa Rica, S.A., which is part of the Volcafe Group, a leading global green coffee merchant.
The five-year term loan from FMO will be used by Volcafe as working capital needs for sourcing and commercializing coffee originating in Costa Rica and Latin America. Volcafe in Costa Rica will be allowed by the facility to buttress its partnerships with local coffee producers.
“It was a pleasure to advise FMO on this secured term facility and help the bank in its mission to drive sustainable private sector growth in developing countries and emerging markets,” Margarita Oliva Sainz de Aja, the DLA Piper partner who led the deal team, reportedly said. The DLA Piper team included associates Marcos Taiana (New York) and Susana Guizar (Mexico City) in addition to Oliva (New York).
The DLA Piper team in Latin America offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. The firm’s integrated approach to serving clients combines the resources of the DLA Piper global platform with local knowledge. There are more than 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico in addition to the firm’s US-based cross-border attorneys. DLA Piper has more than 90 offices in more than 40 countries enabling the firm to serve all their clients’ legal and business needs.
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