BLP Advises Oaktree on Up to US$300 Million Senior Secured Refinancing for Establishment Labs

BLP acted as legal counsel to Oaktree Fund Administration, LLC, in its capacity as administrative and collateral agent for the lenders, in connection with the amendment and restatement of the credit agreement and guaranty entered into by Establishment Labs Holdings Inc., a multinational company specializing in medical devices and aesthetics.

The transaction involved the refinancing and expansion of the existing financing structure through a new senior secured credit facility for an aggregate amount of up to US$300 million. As part of the transaction, the previous credit facility of approximately US$225 million was prepaid and cancelled.

BLP advised the parties throughout the various stages of the process, providing strategic counsel on the structuring, negotiation and implementation of the transaction.

The transaction was led by partners Vivian Liberman and Pablo Umaña, with the participation of partner Luis Hernández, director Giancarlo Andreoli, and senior associate Alejandro Fallas.