DLA Piper represented Giddings Fruit S.A., a Latin American fruit export company, as the borrower in a US$90 million note purchase and guarantee agreement. The notes will be used to finance corporate matters of Giddings Fruit S.A. and its subsidiaries in Chile, Mexico, Peru, the US, England and China.
The transaction was secured with a guarantee package on movable and immovable property, owned by the group's subsidiaries, to guarantee payment of the notes.
"We are pleased to have assisted Giddings Fruit with this complex, multi-jurisdictional transaction, which required a high level of coordination and collaboration among our many offices serving clients in Latin America," said Matías Zegers, a DLA Piper Chile partner who led the firm's deal team. "Due to our on-the-ground presence in a number of markets and our dedicated focus on the food and beverage industry, we were able to successfully facilitate a seamless global solution for Giddings Fruit, allowing our client to take important steps toward their goals in a competitive and fast-moving business environment."
In addition to Zegers, the DLA Piper team representing Giddings Fruit included Jamie Knox, Christopher Paci and Amrita Mukherjee in the US; Sergio Barboza and Farah Torres in Peru; Edgar Romo, Adolfo Obregon and Joaquín Gallásteguiin Mexico; and Jorge Timmermann, Bernardita Doren, Vicente Vergara, María del Pilar Paredes, Roberta Andreani and María Isabel Izquierdo in Chile.
For more information:
Giddings Fruit S.A.
Tel: +56 224 026 800
www.giddingsfruit.com