Hogan Lovells advises Banco Industrial S.A. on DPR program in Guatemala
Press releases
| 11
August
2020
New York, 11 August 2020 – International law firm Hogan Lovells advised Banco Industrial S.A. in Industrial DPR Funding LTD.'s issuance of its US$200 million Series 2020-1 Fixed Rate Notes to the United States International Development Finance Corp. (DFC, formerly the Overseas Private Investment Corp.) to support women operated enterprises in Guatemala.
This financing will enable Banco Industrial to facilitate the financing of small to mid-size enterprises called "2X Eligible Enterprises" in Guatemala. These businesses promote enterprises founded or managed by women or are businesses where women comprise at least 40 percent of their workforce. These enterprises promote wage equality and childcare, and oppose discrimination and harassment.
The Hogan Lovells team was led by New York Finance partner Emil Arca, counsel Russell Slanover, and associate Lauren Kimmel. In February, the team also advised Banco del Pacífico S.A. (BdP) on the establishment of, and first issuance under, its diversified payment rights (DPR) securitization program in Ecuador.