Hunton Andrews Kurth, Morgan & Morgan, Alfaro, Ferrer & Ramírez and Mayer Brown advised on the transaction
Inter-American Investment Corporation as lender, and as agent on behalf of Inter-American Development Bank, closed on a $60 million A loan facility (with a B loan to be syndicated) to Global Bank Corporation, a sociedad anónima organized and existing under the laws of the Republic of Panama.
The proceeds of the loan will be used by Global Bank Corporation to originate sub-loans to sub-borrowers in Panama with up to thirty percent (30%) of the proceeds to female persons.
The U.S. based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel with a team including Vera Rechsteiner (Picture), Sid Sethy and Christopher Peña.
Panamanian legal advice to IDB Invest was provided by Morgan & Morgan with a team including Ramón Varela.
Panamanian legal advice to Global Bank Corporation was provided by Alfaro, Ferrer & Ramírez.
The U.S. based firm of Mayer Brown LLP advised Global Bank Corporation.
Clients: IDB Invest;