Andrews Kurth Represents IADB in 4-year US $27 Million Secured Credit Facility
On April 29, 2009, the Inter-American Development Bank (“IADB”) closed on a four-year US$ 27,000,000 secured credit facility to Honduras’ Banco Financiera Comercial Hondureña, S.A (“Banco Ficohsa”) consisting of an A/B loan and a separate loan by IDB's Multilateral Investment Fund II ("IDB/MIF"). An initial US$ 12,000,000 disbursement was funded by IADB on May 15, 2009, with the balance of the A/B loan to be syndicated and funding of the IDB/MIF's co-loan subject to certain terms. The new funds will support Banco Ficohsa’s origination in Honduras of residential mortgage loans and on-lending to small and medium sized enterprises in Honduras. The U.S. based firm of Andrews Kurth LLP and the Honduran law firm of Arias & Muñoz advised the IADB on the financing.
Attorneys for the IADB: George Rogers and Ernesto Jiménez, In-House Counsel; Andrews Kurth LLP, International Counsel (Vera Rechsteiner, Partner; Evan Williams, Associate); Arias & Muñoz, Honduran Counsel (Dennis Matamoros Batson, Partner; Manuela Bueso, Associate)
Attorneys for the Banco Ficohsa: Castillo Aguilar Love
Attorneys for Deutsche Bank Trust Company Americas, acting as Collateral Trustee and Securities Intermediary: Emmet, Marvin & Martin.
ABOUT ANDREWS KURTH LLP
For more than a century, Andrews Kurth LLP has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With more than 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, Los Angeles, New York, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in all areas of business law. For more information about Andrews Kurth, please visit andrewskurth.com.
