Goldman Sachs Financing

Along with teams from twelve law firms in five different jurisdictions, Headrick Rizik Alvarez & Fernández acted as counsel the Dominican industrial group Diesco in a credit facility granted by Goldman Sachs Specialty Lending Group, L.P., as administrative agent, global collateral agent and lead arranger. The transaction closed on December 29, 2016 and is notable for its complexity as it involved various jurisdictions and we had an extremely aggressive timeline for closing. The transaction included the structuring and discussion of New York law governed agreements, Dominican law governed collateral agreements, and a warrant, among other documents. 

The financing will allow Diesco to accelerate the execution of its vision of expansion in the Dominican Republic and the region in the different areas in which the companies operate, including the manufacturing of packages, financial investments, and production of non-alcoholic beverages, among others. The subsidiaries involved in the loan included Polyplas Dominicana, S.A., and Termopac Industrial, S.A. in Dominican Republic and Polyplas International, Inc., and Pac-Tech International, Inc., in Puerto Rico.  

Sarah De León, partner at Headrick Rizik Alvarez & Fernández, along with senior associate Eileen Jiménez Cantisano and associates María Teresa Acta and Rachel Cortés acted for Diesco in this transaction.