Clifford Chance advised Bancoldex as borrower on a US$400 million credit facility guaranteed by the Multilateral Investment Guarantee Agency. Mayer Brown and Philippi Prietocarrizosa Ferrero DU & Uría advised on the transaction
The lenders of the facility are JP Morgan Chase Bank N.A., Banco Santander S.A. and Banco Bilbao Vizcaya Argentaria S.A., Milan branch.
The credit facility was signed on June 30, 2020 and will be used by Bancoldex to provide financing to financial intermediaries in connection with Colombia’s COVID-19 response programs.
The Clifford Chance team was led by partner Kate McCarthy (Picture) and included associate Alberto Haito in Washington, DC and associate Julián Hurtado Vallejo in New York.
Bancoldex’s in-house legal team: José Alberto Garzón Gaitán, Felipe Eduardo Arias Gómez and José Luis Cañas Bueno.
Mayer Brown advised J.P. Morgan Chase Bank N.A., Banco Santander S.A. and Banco Bilbao Vizcaya Argentaria S.A., Milan Subsidiary with Gabriela Sakamoto, Daniel Whitmore, Axel Schamis and Ashley McDermott.
In Colombia, Philippi Prietocarrizosa Ferrero DU & Uría advised the banking syndicate.
Involved fees earner: Alberto Haito – Clifford Chance; Julian Hurtado Vallejo – Clifford Chance; Catherine McCarthy – Clifford Chance; Ashley McDermott – Mayer Brown; Gabriela Sakamoto – Mayer Brown; Axel Schamis – Mayer Brown; Daniel Whitmore – Mayer Brown;