Practice:

Corporate
International

Rachel Korn Wasserman joined a predecessor of BeckerGlynn as an associate upon graduation from law school and has been a partner of the firm since its inception.  Her practice includes secured and unsecured loan transactions, project finance, corporate acquisitions and divestitures, joint ventures, and advising clients on general commercial and contract matters. A substantial portion of her work in these areas involves representing development finance institutions that make private sector loans and equity investments in emerging markets and representing companies operating in developing countries in connection with the financing of their operations.

REPRESENTATIVE TRANSACTIONS

  • Representation of funds established by a multilateral development finance institution in connection with a US$32 million equity investment in a Honduran commercial bank and a US$38 million subordinated loan to such bank that was intended to qualify as Tier 2 capital of the bank.
  • Representation of a multilateral development finance institution and a fund established by such institution in connection with a US$38.3 million equity investment in an oil and gas company in Argentina.
  • Representation of an English company engaged through subsidiaries in mining operations in Latin America in connection with its US$65 million loan to a majority-owned joint venture company that was used to finance construction of a silver and gold mine in Argentina.
  • Representation of a multilateral development finance institution in connection with the settlement of defaults under loans to a Mexican financial institution, where the amount due and unpaid was the Mexican pesos equivalent of approximately US$129.1 million.
  • Representation of an English company listed in London with mining operations conducted through subsidiaries in Latin America in connection with a US$200 million credit facility provided by a syndicate of lenders led by JPMorgan Chase Bank, N.A.
  • Representation of a multilateral development finance institution in connection with loss sharing arrangements for credit facilities to finance renewable energy projects in Asia.
  • Representation of a European bank and a multilateral development finance institution, as remaining shareholders, in connection with the sale by other financial institutions of their interests in a bank in South America and in connection with agreements with the new shareholders.
  • Representation of a multilateral development finance institution in connection with a $70 million revolving credit facility to finance oil investments in Argentina.
  • Representation of a multilateral development finance institution in connection with loans and credit facilities in the aggregate amount of $40 million to finance oil development and exploration off the coast of Gabon, with particular focus on New York law security and intercreditor arrangements.
  • Representation of three development finance institutions in connection with the restructuring of their debt to a Bahamas holding company and its Latin American subsidiaries engaged in the business of financing the acquisition of medical diagnostic equipment, including representation in connection with claims in the U.S. bankruptcy proceeding of the parent of the borrowers.
  • Representation of two development finance institutions in connection with the restructuring of the debt of two Argentine banks in the aggregate amount of approximately $525 million.