Hogan Lovells Represents IFC in US$100M financing to support various projects in Colombia impacted by COVID-19
Press releases
| 07
May
2020
International law firm Hogan Lovells has advised the International Finance Corporation (IFC) in connection with providing a US$100 million in financing for Banco Davivienda to provide loans for low-income housing, women-owned small businesses and sustainable agribusiness projects in Colombia.
The loan will expand Davivienda's ability to support Colombia's economy, which has been impacted by the COVID-19 pandemic. The financing package includes money from IFC's own account and a loan through the Managed Co-Lending Portfolio Program (MCPP) with institutional investors. It also involves a syndicated loan led by the eco.business Fund, which is run by the German impact asset management firm Finance in Motion.
The Hogan Lovells team was led by senior counsel Thomas Hechl, international legal advisor Antonio de la Esperanza, and associate Mariana Amaral.
The same Hogan Lovells team also advised IFC on a previous US$335 million loan to Banco Davivienda to empower Colombian women and social housing in January 2020.