H&K assists Bancóldex in obtaining $292m loan
Holland & Knight has assisted Bancóldex in obtaining a USD $292 million Colombian peso-linked loan from JP Morgan Chase.
The transaction closed on 19 December 2022, with the Multilateral Investment Guarantee Agency (MIGA) acting as guarantor.
The loan is expected to help Bancóldex strengthen Colombia’s financial position by providing financing loans to micro and small enterprises.
Headquartered in Bogotá, Bancóldex is a Colombian state-owned bank that focuses on promoting exports, supporting productivity and competitiveness with an emphasis on micro, small and medium-sized enterprises (MSMEs), while contributing to environmental protection and climate change mitigation. Bancóldex also serves to restore the business fabric in areas affected by disasters or deteriorated economic conditions.
H&K’s team was led by partners Stephen Double, based in New York, and Camilo Gantiva Hidalgo (pictured), together with associate Juan Felipe Fontecha Mejía in Bogotá.
