Cuatrecasas in the refinancing of Lota Protein

Cuatrecasas has advised Lota Protein on the extension of the credit line in force with DNB Bank for a global value of US$ 213,000,000.

With this operation, Lota Protein, a Norwegian-owned fishing company, has obtained an extension of its working capital financing. It has also managed to modify the financing conditions existing to date, in order to increase flexibility in the use of its resources and generate operational efficiencies. The transaction involved the multi-jurisdictional negotiation of the extension of the company’s existing credit facilities, together with the guarantees associated with those facilities.

The team involved in the transaction was composed by Roberto Guerrero, Macarena Ravinet and Tomás Montes.