Cuatrecasas advises BID Invest on loan agreement for Procaps

2021-02-10T00:00:00
Colombia

We advised BID Invest on closing a loan agreement for Procaps, a company dedicated to developing, producing and marketing pharmaceutical products and advanced technology for the supply of medication.

Cuatrecasas advises BID Invest on loan agreement for Procaps
February 10, 2021

Cuatrecasas advised BID Invest on closing a loan agreement for Procaps, a company dedicated to developing, producing and marketing pharmaceutical products and advanced technology for the supply of medication.

The project objectives are to support the international growth plan of Procaps, now present in Colombia, Venezuela, Peru, Bolivia, Ecuador, Central America and the Caribbean, and which exports its products to over 50 countries on the 5 continents.

The loan will go to financing the company’s long cash cycles, reducing pressure in the short term, and contributing additional resources to continue investing in R&D, and regulatory and expansion capital investments.

The Cuatrecasas team that advised on this transaction was led by Manuel Quinche, managing partner of the Bogotá office and coordinator of its Finance Practice, and by Corporate and Commercial Practice lawyers Natalia Arango and Alberto de Villa.

February 10, 2021