Nicholson y Cano advised the IDB Group on the transaction
The Project consists of a financing mechanism of up to US$ 40 million for Banco Supervielle S.A. that will allow the Bank to finance small and medium-sized enterprises sub-projects.
The SME Financing Agreement will support the development and growth of SMEs, especially focusing in the province of Mendoza where at least 50% of the proposed financing will be directed. The financial instrument under review will provide Supervielle: (i) an A-Loan from the Inter American Investment Corporation (“IIC”) of up to US$ 15 million, and (ii) another A-Loan from the Inter-American Development Bank (“IDB”) of up to US$ 25 million.
The aggregate financing amount from the IDB Group will be of up to US$40 million to be disbursed in several tranches between three and five year terms.
Nicholson y Cano Abogados advised the IDB with Mariano Fabrizio (Picture), Luca Bella and Gonzalo Rivas Orozco.
Law Firms: Nicholson & Cano Abogados;
Clients: Inter-American Development Bank;