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Panama, January 30, 2025. Morgan & Morgan acted as Panamanian legal advisor to Banco Itaú Chile (formerly, Itaú Corpbanca), in its role as administrative agent, and to certain creditors, in their role as lenders, in connection with two credit facilities (one in Colombian Pesos and one in United States Dollars) granted by said lenders. These facilities, totaling US$138 million, were aimed, among other things, at refinancing an existing debt of Grupo Decameron.
Grupo Decameron is a renowned chain of all-inclusive hotels and resorts, with a presence in several countries in Latin America and the Caribbean, offering complete and high-quality vacation experiences. The refinancing of Grupo Decameron’s debt is a crucial step to strengthen its financial position and support its continuous growth in the region.
Both credit facilities are backed by a package of guarantees that cover various jurisdictions and assets (business cash flows, real estate, shares or quotas, among others), including the Republic of Panama.
Partner Kharla Aizpurúa O., international associate Miguel Arias, and associates Ariana Linares and Perla Piña actively participated in this transaction.