Home / Daily Briefs / 2017 / Intertug takes syndicated loan

Intertug takes syndicated loan

Intertug takes syndicated loan

December 19, 2017
Colombia tugboat company secures a five-year facility from three banks

Loans Colombia Mexico Panama Barbados Brazil

Colombia's Intertug has signed a five-year, $42m syndicated loan from Credit Suisse, Metrobank and Banco Davivienda, according to the law firm PPU. The loan is backed by some maritime mortgages, a trust agreement and a movable guarantee over commercial establishment, PPU said. Intertug and its affiliates have businesses in Colombia, Panama, Mexico, Barbados, Brazil and the United States.  PPU was the legal advisor to Intertug in Colombia. The law firms that advised the borrowers in other jurisdi

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