Colombia’s Intertug obtains multijurisdictional loan

Milbank Tweed Hadley & McCoy LLP in New York has acted as lead counsel to Colombian marine industry company Intertug in a syndicated loan worth US$42 million.

Intertug also relied on Gómez Ariza Cabrales Abogados and Philippi Prietocarrizosa Ferrero DU & Uría in Bogotá; Icaza, González-Ruiz & Alemán in Panama City and Veirano Abvogados in São Paulo. Miranda & Estavillo, SC in Mexico City is also thought to have advised the borrower, but Latin Lawyer could not confirm this prior to publication.

Paul Hastings LLP in New York acted as lead counsel to the lenders, Credit Suisse, Metrobank and Davivienda. They also relied on Clarke Gittens & Farmer in Barbados; Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City; De Castro & Robles in Panama City and Gómez-Pinzón in Bogotá. Machado Meyer Advogados in São Paulo is also thought to have advised the banks, but this could not be confirmed before publication.

The transaction closed on 30 November.

The loan involved several co-borrowers, which are all affiliated to Intertug and operate in Barbados, Brazil, Colombia, Mexico, Panama and Peru.

Intertug is a leading marine vessel support provider in Latin America and is part of Colombian business group Grupo Transportadora.

Counsel to Intertug

In-house counsel – Alejandro Ramírez

Milbank Tweed Hadley & McCoy LLP

Partners Carlos Albarracín and Jaime Ramirez, and international attorney Maria Paula Baraya in New York

Gomez Ariza Cabrales Asociados

Partners Carlos Alberto Ariza Oyuela and Maria Elvira Goimez Cubillos in Bogotá

Philippi Prietocarrizosa Ferrero DU & Uría (Colombia)

Partner Hernando Padilla, and associates Paula Buriticá and Pedro Arango in Bogotá

Icaza, González-Ruiz & Alemán

Partner Joel Medina and associate Alfredo Fonseca in Panama City

Veirano Abvogados

Partner Otavio Carneiro and counsel Elisa Rezende in São Paulo

Counsel to Credit Suisse, Metrobank and Davivienda

Paul Hastings LLP

Partner Cathleen McLaughlin, and associates Alex Herman, Yana Lantsberg and Inho Ko in New York

Clarke Gittens & Farmer

Partner Debbie Fraser and associate Olivia Burnett in Barbados

Creel, García-Cuéllar, Aiza y Enriquez SC

Partners Rodrigo Castelazo and Leonel Pereznieto and associate Christian Dorantes in Mexico City

De Castro & Robles

Partner Eduardo Real and associate Anamae Ortiz in Panama City


Partner Daniel Londoño Pinzón, and associates Alejandro Bonfante and Daniel Alzate Mesa in Bogotá


Latin Lawyer