Banco Supervielle’s $40 Million Loan


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.

Involved fees earner: Mariano Fabrizio – Nicholson & Cano Abogados; Luca Bella – Nicholson & Cano Abogados;

Law Firms: Nicholson & Cano Abogados;

Clients: Inter-American Development Bank;

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Author: Ambrogio Visconti.