We are pleased to announce that ARIAS served as legal counsel to International Finance Corporation (IFC), member of the World Bank Group in a strategic $150 million financing operation granted to Grupo Ransa. This transaction, which spanned multiple jurisdictions across Latin America and the Caribbean (LAC), will support Grupo Ransa in expanding and consolidating its operations throughout the region. 

 

Our team’s involvement was crucial in ensuring that all local financing documents adhered to the legal requirements in each of the countries where the deal was executed. Arias also played a key role in a related financing and refinancing for Grupo Ransa granted by Banco Santander, S.A. and Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) in 2023 and 2024, solidifying our long-standing relationship with both Banco Santander and Bladex as they participated as parallel B lenders in this transaction. 

 

This deal required a coordinated legal review across multiple jurisdictions, including Costa Rica, Colombia, Mexico, El Salvador, Nicaragua, Honduras, United States, Spain, and Peru. The financing also supports Grupo Ransa’s sustainability goals, underpinned by an IFC package aimed at promoting decarbonization and managing climate transition risks. 

 


The transaction was led by our team in Nicaragua, under the leadership of Ana Teresa Rizo (Managing Partner) and Kevin Humberto Castro (Associate), with support from colleagues across the region: 


  • Guatemala: Luis Pedro del Valle (Partner), Cindy Arrivillaga (Banking and Finance Director), Andres Marroquin (Associate) 
  • El Salvador: Ana Mercedes López (Partner), Rafael Burgos (Senior Counsel) 
  • Honduras: Mario Agüero (Partner), Rodolfo Salgado (Senior Associate) 
  • Costa Rica: Diego Gallegos (Partner), Arianne Silva (Senior Associate) 


At ARIAS, we are dedicated to delivering high-quality legal services across complex, cross-border financial transactions. We sincerely thank IFC for their continued trust in our legal expertise. 


Congratulations to the entire team for their outstanding work!