Jessica Springsteen

Clifford Chance advises IDB on loan to Banco Internacional

Clifford Chance has advised the Inter-American Investment Corporation (IDB Invest) as lender in connection with a USD $255 million syndicated loan to Chilean bank Banco Internacional.

The proceeds of the loan will be used to support the growth of Banco Internacional’s lending profile to micro, small and medium-sized enterprises (MSMEs) operating in Chile.

As part of the financing, IDB Invest will provide advisory services to Banco Internacional to promote a strategic plan to strengthen financing for projects related to climate, gender and social issues. The agreement is expected to contribute to both the Decent Work and Economic Growth (SDG 8) and Industry, Innovation and Infrastructure (SDG 9) UN Sustainable Development Goals.

Clifford Chance’s team comprised partner Jessica Springsteen (pictured), counsel Kate McCarthy and associates Daniel Justus and Brianna Jones Rich.

L Giselle Estrada