Pellerano & Herrera represented bondholders in debt restructuring of Cap Cana

Pellerano & Herrera acted as local legal counsel to the bondholders committee in the restructuring of over US$350 million debt of Cap Cana, luxury tourism project in the Dominican Republic.

The legal team was led by partner Luis R Pellerano and senior associate Alessandra Di Carlo.

The restructuring of Cap Cana’s 10% Senior Secured Notes and 10% Senior Secured Recovery Notes, both due 2016, was completed in July 2017.

The final transaction structure was designed to give bondholders a higher degree of control and visibility over the monetization of their collective investment, while supporting the overall reorganization and re-launch of the Cap Cana project.

Greenberg Traurig LLP acted as lead legal counsel and BroadSpan Capital acted as financial advisor to the bondholders. Mayer Brown was involved as US legal counsel to Cap Cana.