Arias, Fábrega & Fábrega acted as counsel to Interbank Group in connection with the financing of the acquisition of Inkafarma.

A syndicated loan, arranged by JP Morgan Securities LLC and Merrill Lynch, Pierce, Ferrer and Smith Inc., was extended to Interbank Group, acting through a subsidiary in Panama. The loan was used in part to complete the acquisition of Inkafarma, a Peruvian chain of pharmacies, with nearly 400 retail stores in the country and 30% of the market share.

The Interbank Group completed the purchase using a Panamanian subsidiary, and acquired a series of Inkafarma companies located in multiple jurisdictions.

ARIFA acted as both counsel to the borrower in the execution of a credit facility and to the buyer in connection with the execution of the stock purchase agreement. 

The transaction required a simultaneous closing in multiple jurisdictions, including Peru, Panama, Malta and Spain.