RC Law Acted as Global Quality Steel’s Counsel in a $50M Financing From CIFI

RC Law acted as New York counsel to Global Quality Steel S.A. (“GQS”), a Swiss global reinforcing steel manufacturer in connection with a US$50 million long term facility.  GQS designs, supplies, manufactures, and delivers comprehensive and customized solutions for steel engineering needs in large civil engineering projects in the construction industry.  GQS has subsidiaries in Mexico, Panama, Colombia, Ecuador and Peru. The purpose of the facility was to provide initial financing to meet the requirements of various infrastructure projects in Latin America, which were awarded to GQS by the project sponsors.  Such projects include Lima Metro Line 2 in Peru, Siervo de la Nacion Highway, Guadalajara Metro L-3 and Toluca Railroad in Mexico, Quito Metro L-1 in Ecuador and Magdalena Highway in Colombia, as well as other smaller projects in Latin America, for a total of around US$ 500 million contract value. Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as mandated lead arranger and Hunton & Williams LLP, acting as CIFI’s New York counsel. The transaction closed in January of 2018.