Vouga Abogados advises CAF in granting a USD 30 million credit facility to Banco Continental S.A.E.C.A. aimed at SMEs in Paraguay.
February, 2024 - Paraguay
Vouga Abogados assisted CAF - Development Bank of Latin America and the Caribbean in the granting of a USD 30 million credit line to Banco Continental S.A.E.C.A The funds provided to Banco Continental S.A.E.C.A. will be used to finance small and medium-sized enterprises (SMEs). This transaction is significant not only due to the considerable amount of funds involved but also because of its role in fulfilling the vital need for capital to fuel the development of businesses that constitute the backbone of Paraguay's economic landscape. This contributes to the business development of our country. The firm played an integral role that ranged from advising CAF during the negotiation of the credit line contract with the local bank to assisting in drafting the financing documents, conducting due diligence for the bank, and its initial disbursement. Cynthia Fatecha and Carlos Vouga led the team in providing guidance, supported by associates Belén Rodríguez and Lucas Rolón. For further information regarding this transaction or other topics related to Banking & Finance, please feel free to contact Carlos Vouga ([email protected])
