FERRERE advised the US International Development Finance Corporation (DFC) on USD 565 million in financing to Serra Verde Group, a company involved in production and sale of rare earth elements.
The funds will be used to refinance existing lines of credit and to optimize and expand Serra Verde’s mine located in Goiás (Brazil).
The loan was structured in two tranches: an initial one, for up to USD 465 million, and another incremental one, for up to USD 100 million, with a maximum term of 12 years.
In Uruguay, FERRERE was responsible for reviewing and advising on the transaction and the loan guarantees.
The FERRERE team that advised DFC was led by partner Diego Rodríguez, with a broad team of practitioners including Cecilia Trujillo, Valentín Pérez, Mauro Lanfranco and Sofía Fernández.