Carey in $255m financing to Banco Internacional
Carey has advised Banco Internacional, as borrower, on a two-tranche financing of up to USD $255 million provided by Inter-American Investment Corporation, a member of the Inter-American Development Bank Group.
This transaction closed on 31 October and involved the Chilean and US (New York) jurisdictions. Paul Hastings acted as US counsel to Banco Internacional, while Claro & Cía and Clifford Chance acted as local and international counsel to IDB, respectively.
The funds raised will be used by Banco Internacional to provide loans to micro, small and medium-sized enterprises.
Laura Roldán acted as in-house counsel to the IDB, while Sebastián Salgó and Eduardo Santos provided in-house counsel to Banco Internacional.
Paul Hastings’ team consisted of partner Alexandro Padrés and associate Forrest Grossman.
Clifford Chance’s team was represented by associate Brianna Jones and counsel Kate McCarthy.
Claro & Cía comprised partner José Luis Ambrosy and associate Rafael Mackay.
Carey’s team was led by partners Fernando Noriega (pictured left) and Manuel Alcalde (pictured right), with support from associates Diego Lasagna, Benjamín Echeverría and José Luis Enberg.
