07 Jun MPM Advises FirstBank on $52M Loan for CooperVision Expansion

MARINI PIETRANTONI MUÑIZ LLC is pleased to announce that it successfully advised its client, FirstBank, in the approval and closing of a $52 million loan to the Puerto Rico Industrial Development Company (PRIDCO). This financing will support the expansion of CooperVision’s manufacturing facilities in Juana Díaz, Puerto Rico.

The Financial Oversight and Management Board approved the loan for Puerto Rico under Section 207 of PROMESA. This significant project represents a major step forward in the economic development of Puerto Rico’s southern region. It strengthens the island’s position as a key player in the medical device industry.

Our firm is grateful for the opportunity to assist FirstBank in this important transaction. The combined impact of job creation and industry growth associated with this project is expected to contribute to the broader economic development of Puerto Rico’s southern region. This project demonstrates the importance of sound legal counsel in navigating complex financial transactions and ensuring successful outcomes for our clients.

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