RC Law Counseled Global Quality Steel on a $15M Financing for Quito Metro L1

RC Law acted as borrower’s New York counsel to Global Quality Steel S.A., a Swiss steel manufacturing and engineering group in connection with a short term, revolving facility to meet the requirements of Line 1 of the Quito Metro project in Ecuador. The facility was secured with the accounts receivable from the consortium developing the Quito Metro project. Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (“CIFI”) acted as mandated lead arranger and Andrews & Kurtz LLP in Washington DC, acted as CIFI’s New York counsel. The transaction was closed in November of 2016