Amarilo closes successful syndicated debt transaction with value of COP 535 billion

Cuatrecasas has advised construction company Amarilo S.A.S. on structuring, negotiating and closing a syndicated financing transaction for COP 535 billion. This will enable the company to consolidate its long-term growth and expansion plan, which focuses on housing projects with a high social and urban impact in the country.

Thanks to this syndicated financing, the first of its kind in Colombia for the construction sector, Amarilo reinforces its financial soundness, becoming a pioneer in the industry and creating new opportunities for sustainable development in the housing sector and in the communities where it operates.

“We are proud to have advised Amarilo on this complex structured financing in which nine banks participated under the leadership of Bancolombia as mandated lead arranger. The project, which marks a precedent in the construction sector, is proof of Amarilo’s leadership and of its vision for transforming communities and by promoting the country’s development. We, at Cuatrecasas, are grateful for the trust placed in our team and the opportunity to contribute our knowledge and experience to this innovative transaction,” said Natalia Arango, partner in the Cuatrecasas Bogotá Finance Practice.

The transaction marks a precedent for future financing initiatives in Colombia’s housing construction sector. Bancolombia S.A. was the mandated lead arranger and bookrunner, with the following banks participating as financial backers: Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA); Banco de Bogotá S.A.; Banco Caja Social S.A.; Banco Comercial AV Villas S.A.; Banco Davivienda S.A.; Banco de Occidente S.A.; Banco Santander de Negocios Colombia S.A.; and Scotiabank Colpatria S.A.

The Cuatrecasas team providing the advisory service was made up of partners Manuel Quinche and Natalia Arango, together with lawyers María Alejandra Martínez, Isabel Ocampo and Anita Zuluaga (Finance); and Alejandro Manrique and Rafael Marulanda (Corporate and M&A).