Sabrena Silver

Partner, New York

Biography

“She has proven to be highly creative and works doggedly to facilitate the successful execution of loan facilities.”
Chambers 2020

Overview

Sabrena has over 20 years' experience in completing US domestic and cross-border financing transactions. She advises financial institutions and companies on complex financing transactions, including structured finance deals, acquisition financings, syndicated and bilateral loans, bridge loans, margin loans, investment grade loans, private equity and hedge fund financings, private banking transactions, debt restructurings, sovereign loans, trade financings, supplier financings, receivables purchases and non-performing loan (NPL) transactions.

Sabrena’s broad international experience spans Europe, Asia and Latin America. She has a particular focus in Latin America, and has completed transactions in Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, and Peru, as well as other Latin American jurisdictions. 

Named by Chambers Global in 2021 as a Foreign Expert in Banking & Finance, Sabrena has led on many high-profile finance deals.

Bars and Courts
New York State Bar
New Jersey State Bar
District of Columbia Bar
Education
JD
Fordham University School of Law
BA
Simon's Rock of Bard College
Languages
English
Spanish

Experience

Representation of the Lenders in connection with the restructuring of the financing among USAVFlow Limited, as Borrower, Avianca Holdings S.A. and its subsidiaries as guarantors and/or receivables sellers and the Lenders: in connection with the Chapter 11 bankruptcy filing of Avianca Holdings S.A. in May of 2020 amidst the historic airline industry disruption brought about by Covid-19.

Representation of Morgan Stanley, as lead arranger in its US$125 million structured financing with Finsocial, a technology-based non-bank financial entity.

Representation of Bayport Management Ltd (BML), a leading emerging market financial services group, on a US$200 million financing with US International Development Finance Corporation (DFC), America's development bank, of their Mexico and Colombia operations.

Representation of Bayport Management Limited in relation to the restructuring of its South African Business. 

Representation of Wilmington Trust, N.A., as First Lien Agent and Second Lien Agent in connection with an Amended and Restated Credit Agreement, which provides for the establishment of a second lien tranche of term loans and additional commitments of $64,634,317 to IBT Health S.A.C., a Peruvian company, for the purpose of financing the construction and maintenance of certain hospitals in Peru.

Representation Banco Santander, S.A. as lender in connection with a US$100 million margin loan to Cementos Argos S.A., as Colombian Borrower, and Argos USA, LLC, as U.S. Borrower. The loan is secured by shares in Grupo de Inversiones Suramericana SA and the proceeds of the loan will be used to finance the Borrowers' general corporate purposes.

Representation of The Bank of Nova Scotia as Lender with respect to its $35 million unsecured loan to Hyundai Mobis Mexico, S. de R.L. de C.V.

Representation of OPIC and Citibank in connection on a US$150 million unsecured loan to Banco Regional S.A.E.C.A.. The purpose of the financing was to finance new lending to small and medium enterprises of Banco Regional, with a particular focus on supporting women-led small and medium enterprises.

Representation of OPIC and Citibank on a US$101.6 million loan facility to finance new lending to small and medium enterprise customers of Sudameris Bank S.A.E.C.A.

Representation Bayport Colombia S.A., a subsidiary of leading specialist credit provider Bayport Management Limited, on its entry into a COP-denominated secured loan agreement of up to US$150 million through a Colombian trust established by Bayport Colombia S.A., as borrower, and a syndicate of leading international lenders;

Limited, on its entry into a MXN 1.5 billion secured loan agreement with a syndicate of leading international lenders;

Representation of Joint Lead Arrangers and Bookrunners, and Scotiabank Peru S.A.A., as Administrative Agent in connection with Alicorp S.A.A.'s US$500 million senior unsecured bridge loan for the acquisition of Intradevco Industrial S.A.;

Representation of Sumitomo Mitsui Banking Corporation, ABN AMRO Bank N.V. and ING Bank N.V. as lenders and joint lead arrangers in a US$700 million revolving loan facility granted to Bunge Limited Finance Corp., an American agribusiness and food company. On satisfaction of certain conditions following the sale of a majority interest in certain Brazilian subsidiaries, the revolving loan facility will be converted to a pre-export loan facility to be made to such Brazilian subsidiaries;

Representation of Credit Agricole Corporate and Investment Bank as lender in connection with two separate bilateral facilities to finance the Argentine operations of Pan American Energy, LLC, a Delaware limited liability company ("PAE"). The first was a US$12 million senior unsecured term loan facility for Parque Eólico del Sur S.A., an Argentine subsidiary of PAE, as borrower, with PAE acting as the guarantor, to be used to finance the construction of a 24.15 megawatt wind power project in the Province of Chubut in Argentina. The second was a US$38 million senior unsecured term loan facility for Pan American Energy LLC, Argentine Branch to be used for general corporate purposes; and

Representation of a leading global financial institution on multiple domestic and international margin loans, for a broad range of borrowers in the U.S., Latin America, Europe and Asia, secured by U.S. listed shares or American depositary receipts (ADRs) and non-U.S. listed shares.

Publications

Co-author, "Acquisition Finance in Latin America: Navigating Diverse Legal Complexities in the Region", International Comparative Legal Guide, April 2020

Co-author, "Acquisition Finance in Latin America: Navigating Diverse Legal Complexities in the Region", International Comparative Legal Guide, April 2019

Co-author, "Acquisition Finance in Latin America: Navigating Diverse Legal Complexities in the Region", International Comparative Legal Guide, April 2018

Co-author, "Acquisition Finance in Latin America: Navigating Diverse Legal Complexities in the Region", LSTA 2018 Loan Market Chronicle, February 2018

Co-author, "US Country Report in the IFLR Cross-Border Financing Report 2014", International Financial Law Review, September 2014

Co-author, "Margin rules create smoother squeeze-outs", International Financial Law Review, May 2014

Author, "Let's Talk Margin Stock", Latin Lawyer, May 2013

Co-author, "How Can a Hedge Fund Investor Pledge Its Hedge Fund Interest as Collateral for a Loan Without Obtaining the Consent of the Hedge Fund's Manager or General Partner?", The Hedge Fund Law Report, June 2010

Awards and Recognition

Banking & Finance: Foreign Expert, Chambers Global 2020

GC Powerlist, Mexico, The Legal 500, 2017, 2018 and 2019

Leading Individual, Banking and Finance, Chambers Latin America, 2016, 2017, 2018, 2019, 2020 and 2021

Rising Star, IFLR1000 Leading Lawyer, 2020