Andrews Kurth Kenyon Represents IDB in $50 Million Loan to Banco Cooperativo Sicredi S.A.

On November 4, 2016, Inter-American Development Bank (“IDB”), acting through its agent, Inter-American Investment Corporation (“IIC”), closed on a US$50 million unsecured A/B loan facility to Banco Cooperativo Sicredi S.A. (“Sicredi”). Sicredi has an option to request that the loan facility be in Dollars or in the local currency equivalent.

The proceeds of the loan will be used by Sicredi to finance certain rural activities, including low carbon agriculture, through certain cooperatives that indirectly own shares in Sicredi.

The U.S. based firm of Andrews Kurth Kenyon LLP advised IDB as international counsel. Local Brazilian legal advice was provided by Dias Carneiro Advogados.

Andrews Kurth Kenyon Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

Ignacio Hirigoyen, Associate

IDB/IIC In-house Counsel

Juliana Soares Porto Fonseca

IDB/IIC Brazilian Counsel

Thiago Vallandro Flores, Partner

Gustavo Junqueira, Senior Associate

Murilo Balarin, Associate

As released by the former Andrews Kurth Kenyon LLP