Andrews Kurth Represents IDB in $40 Million Loan to Banco Société Générale Brasil S.A.

(Washington, DC)—On August 17, 2016, Inter-American Development Bank (“IDB”), acting through its agent, Inter-American Investment Corporation (“IIC”), closed on a US$40 million unsecured loan facility to Banco Société Générale Brasil S.A. (“SG Brasil”) and SG Equipment Finance S.A. Arrendamento Mercantil (“SGEF”).

The proceeds of the loan which consists of two tranches will be used by SGEF to finance leases of certain machinery, equipment and technology solutions produced or originating in IDB members countries. 

The U.S. based firm of Andrews Kurth LLP advised IDB as international counsel. Local Brazilian legal advice was provided by Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados. Local French legal advice was provided by Soulier AARPI.

Andrews Kurth Lawyers

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

IDB In-house Counsel

Juliana Soares Porto Fonseca (FML – Financial Markets Legal Team)  

IDB Brazilian Counsel

Thiago Vallandro Flores, Partner

Gustavo Junqueira, Senior Associate

Ana Luiza Rocha, Associate

IDB French Counsel

Catherine Nommick, Partner

SG Brasil In-house Counsel

Ana Paula Gibim

Paula Silva Antunes

As released by the former Andrews Kurth Kenyon LLP