IDB Invest’s $70 Million Subordinated Loan to Banco Agrícola, S.A.

The U.S. based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel. Salvadoran legal advice to IDB Invest was provided by BLP.

The Inter-American Investment Corporation (“IDB Invest”), in its own capacity, and in its limited capacity as agent acting on behalf of the Inter-American Development Bank, as administrator of the Women Entrepreneurs Finance Initiative, closed on a $70 million unsecured subordinated loan to Banco Agrícola, S.A. (“Banco Agrícola”), a Salvadoran financial institution. The proceeds of the subordinated loan will be used by Banco Agrícola to support its supplementary capital structure and for the origination of sub-loans to small and medium sized enterprises in El Salvador, with an emphasis on Salvadoran women-owned/led small and medium sized enterprises.

The Hunton Andrews Kurth was led by Alejandro Silva (Picture) and Yasmina Hammoumi Santaella.

The BLP team was led by Mariana Nochez and Zygmutt Brett.

The IDB Invest’s In-house Counsel was Ofelia Díaz Bermudez.

 

Involved fees earner: Zygmunt Brett – BLP; Mariana Nochez – BLP; Yasmina Hammoumi Santaella – Hunton Andrews Kurth LLP; Alejandro Silva – Hunton Andrews Kurth LLP;

Law Firms: BLP; Hunton Andrews Kurth LLP;

Clients: IDB Invest;

Martina Bellini

Author: Martina Bellini