NHG advised Las Hormigas Valle Real

NHG advised Las Hormigas Valle Real, an operating company to the CKD managed by Grupo Renovables Agrícolas, Mexican subsidiary to Renewable Resources Group, LLC (“RRG”) as borrower, in its first structured loan for a total amount of USD$44 million granted by Metropolitan Tower Life Insurance Company.

Agribusiness represents an important industry for RRG in Mexico and the involvement of NHG as counsel to the borrower was crucial in the development of a creative legal and securities scheme, flexible enough so that the borrower can operate its business but with solid guaranties acceptable to the foreign lender and secured parties.