Norton Rose Fulbright represents Corporacion Andina de Fomento in US$137 million loan for Banco Pichincha

Global law firm Norton Rose Fulbright represented Corporacion Andina de Fomento (CAF) in a senior unsecured US$137 million loan facility extended to Banco Pichincha, C.A.

The Social A/B loan will support micro, small and medium-sized enterprises (SMEs) in Ecuador, with attention to strengthening women-led SMEs and public policies for gender equality. The loan will also help finance environmental sustainability business programs focused on energy efficiency and green business.

The loan was strategically structured to include several foreign commercial banks, bringing new resources and foreign currency to the Ecuadorian economy that is expected to positively impact job creation and increase high-quality production.

Norton Rose Fulbright’s deal team was led by José Cobeña with assistance from paralegal Juliana Liano Souza (São Paulo).