Dealmakers - Attorneys help Costa Rican utility acquire $381 million credit facility, Daily Business Review

Daily Business Review

September 3, 2008

Fernando C. Alonso and J. Andrés Cedrón, who represented a large Costa Rican public utility obtain a $381 million credit facility from the Inter-American Development Bank, were featured in the Daily Business Review. “Instituto Costarricense de Electricidad (ICE) is a holding company that owns the phone companies and the electric companies in Costa Rica,” Alonso said. “This is a significant transaction, one of the largest undertaken in Costa Rica, and comes during the early stages of the opening to competition in the telecommunications market.  This financing will allow ICE to continue to be the leader in the telecommunications and energy sectors in Costa Rica, as well as meet demands that competition and other developments in these sectors will create,” Alonso said.

Alonso is a partner in the Miami office of Hunton & Williams LLP and chair of the Latin America practice group. He has practiced in the corporate and securities, banking and international fields for more than 20 years.  Cedrón's practice focuses on corporate law and financial transactions, including secured and unsecured financing, project finance, mergers and acquisitions and securities work.