Andrews Kurth Represents IIC and FCIB in Secured Loan to Seawind Key Investments Limited and Caribbean Key Holdings Inc.

Time 2 Minute Read
January 12, 2016
News

(Washington, DC)—On December 10, 2015, the Inter-American Investment Corporation (“IIC”) and First Caribbean International Bank (Jamaica) Limited (“FCIB”) closed on a US$112.4 million secured loan facility to Seawind Key Investments Limited (“Seawind”) and Caribbean Key Holdings Inc. (“Caribbean Key”) composed of an A loan of US$7.5 million from IIC’s ordinary capital, a B loan of US$67.5 million arranged by IIC and an FCIB loan of US$37.4 million.

The proceeds of the loan will be used to (i) finance the development, construction, equipping, commissioning and operation of a 150 room expansion of Seawind’s existing hotel in Montego Bay, Jamaica operated under the brands “Breathless,” “Secrets St. James” and “Secrets Wild Orchid” and (ii) repay existing loans and transaction costs.

The U.S. based firm of Andrews Kurth LLP, advised the IIC and FCIB as international counsel. Local legal advice was provided by the Jamaican firm of Patterson Mair Hamilton.

Andrews Kurth Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner (on opinion matters)

Dan McCormick, Partner

Linda Dole, Of Counsel

Siddharth Sethy, Associate

Reyna Silva-Santisteban, Foreign Intern

Vanessa Guillermety, Associate

Ignacio Hirigoyen, Associate

IIC In-house Counsel

Alejandro Prada, Lead Project Attorney

Maria Elena Uriarte, Project Attorney

Javier Aguilar, Project Attorney

FCIB In-house Counsel

Allison Rattray, Senior Counsel

Heather Titus, Head—Deals Management

IIC/FCIB Jamaican Counsel

Trevor Patterson, Senior Partner

Roumelia Pryce, Associate

Seawind/Caribbean Key New York Counsel: Shutts & Bowen LLP

Geoffrey Randall, Partner

J. Donald Wasil, Partner

Seawind/Caribbean Key Jamaican Counsel: DunnCox

Joanne E. Wood Rattray, Partner

Courtney A. Bailey, Partner

As released by the former Andrews Kurth Kenyon LLP

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