Clifford Chance advises CMI on syndicated loan for US expansion of Pollo Campero

Clifford Chance advises CMI on syndicated loan for US expansion of Pollo Campero

New York: Global law firm Clifford Chance has advised Corporación Multi Inversiones (CMI) in connection with an unsecured syndicated loan arranged by JPMorgan and provided to Campero Inc., a US subsidiary of CMI. The proceeds of loan will be used to finance capital expenditures, including for the expansion of Guatemala-based restaurant chain Pollo Campero in the US, and to refinance certain existing indebtedness.

The Clifford Chance team advising on the deal included partner Hugo Triaca, associates Andrés Berry and David Rondon and foreign law clerk Juan Andrés Bosch Muñoz. Partner Avrohom Gelber and associate Wei Bin Tan advised on tax matters.

Clifford Chance advises on many transactions in the Latin American market, including CMI's renewable energy business unit CMI Energía on the refinancing of ~US$1 billion in existing project finance debt in 2021.