CaixaBank approves USD 100 million loan to refinance Nobu Hotel Miami Beach debt
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SubscribeCuatrecasas has advised CaixaBank S.A. (UK branch) on a long-term financing transaction worth USD 100 million in favor of US company Eden Roc LLLP, owner of Nobu Hotel Miami Beach. The financing will be used to refinance the borrower’s existing debt and is secured, among other guarantees, by a real estate mortgage on the hotel and pledges subject to New York and English law.
This is an international transaction led by the firm’s teams in Mexico and Spain, with the interdisciplinary collaboration of other English and US law firms that advised on the English law and New York and Florida state law aspects of the transaction.
The Cuatrecasas advisory team was made up of lawyers León López, Pol Solsona and María Lérida (Finance); with Adriana Serra, Javier Vivas and Ricardo Isaac Medina also participating from the same group.
León López commented: “This transaction highlights our capacity to lead highly complex cross-border financing transactions under tight deadlines. We are grateful for CaixaBank’s trust in us.”
María Lérida said: “This is another demonstration of our teams’ strength and scope in the international legal framework and of the importance of global collaboration and adaptability to offer a complete legal product adjusted to the client’s needs.”
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