Becker Glynn represents International Finance Corporation in $20 Million Financing of Capital Expansion Program of Corporación Aeroportuaria del Este, S.A. in the Dominican Republic

The Firm served as international transaction counsel to International Finance Corporation (IFC), the private sector arm of the World Bank Group, in connection with a $20 million long-term financing to Corporación Aeroportuaria del Este, S.A. (CAE), for certain expansions and repairs at the Punta Cana International Airport located on the east coast of the Dominican Republic. The initial closing of the transaction occurred in spring, 2010.

The Firm’s representation of IFC included advice and assistance during negotiations, drafting of the loan agreements and coordinating certain aspects of the local security arrangements with IFC’s Dominican counsel and a Dominican co-lender to the project related documentation for each lender.