BLP advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) on a loan facility granted in favor of Banco de Antigua, S.A. in Guatemala, in a principal amount of up to $15 million.
This loan facility will enable Banco de Antigua to grant micro-loans to micro-entrepreneurs in rural areas in Guatemala, contributing to a positive impact on developing economies and emerging markets.
BLP’s advice consisted, among other things, of a review of the finance documents from a local law perspective, coordination of the closing, and follow-up and finalization of all the conditions precedent for the closing.
The transaction was under the leadership of our partner Jorge Arenales, alongside Anneliss Wohlers and Javier Figueroa.