Creditas’ BRL 155 Million Loan Facility

The U.S. based firm of DLA Piper LLP (US) advised IDB Invest as NY counsel and Conyers Dill & Pearman advised IDB Invest as Cayman counsel. Brazilian law advice was provided by Dias Carneiro Advogados. Fonseca Marques Advogados advised Creditas as local transaction counsel.

The Inter-American Investment Corporation (IDB Invest), acting as agent on behalf of the Inter-American Development Bank (IDB), signed a BRL 155,808,000 secured loan facility to Creditas Soluções Financeiras Ltda. (Creditas) and guaranteed by Creditas Financial Solutions LLC (Delaware) and Creditas Financial Solutions Ltd. (Cayman).

Creditas is one of the newest Brazilian unicorns.

The proceeds of the loan will be used for the Borrower’s origination of sub-loans to sub-borrowers to pay or reimburse the costs of the financing, refinancing or origination of loans to Micro, Small and Medium Enterprises and vulnerable populations affected by the COVID-19 pandemic in Brazil.

DLA Piper LLP (US) team included Greg Smith, Partner, Amala Nath, Of Counsel, and Isidora Edwards, Associate.

Conyers Dill & Pearman team inluded Nicholas Pattman, Partner and Barnabas Finnigan, Counsel.

IDB Invest In-house Counsel inlcuded Mariana Wiesel Beltrame, Legal Counsel.

Dias Carneiro Advogados team included Thiago Vallandro Flores (Picture), Partner, Gustavo Junqueira, Partner, and Fernanda Savorelli Melhem, Associate.

Creditas In-house Counsel included Alexandre Graziano, Luiz Uehara, and Jheniffer Palmeira.

Fonseca Marques team included Taciana Fonseca Marques, Partner and Isabela Fernandes, Senior Associate.

Involved fees earner: Barnabas Finnigan – Conyers Dill & Pearman; Nicholas Pattman – Conyers Dill & Pearman; Gustavo Junqueira – Dias Carneiro Advogados; Fernanda Savorelli Melhem – Dias Carneiro Advogados; Thiago Vallandro Flores – Dias Carneiro Advogados; Amala Nath – DLA Piper; Gregory Smith – DLA Piper; Isidora Edwards – DLA Piper Chile; Isabela Fernandes – Fonseca Marques; Taciana Fonseca Marques – Fonseca Marques;

Law Firms: Conyers Dill & Pearman; Dias Carneiro Advogados; DLA Piper; DLA Piper Chile; Fonseca Marques;

Clients: Creditas; IDB Invest;

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