Andrews Kurth Represents IDB in $50 Million Loan to Bayport Colombia S.A.S.

(Washington, DC)—On May 11, 2015, Inter-American Development Bank (“IDB”) closed on a US$50 million A/B loan facility to Bayport Colombia S.A.S. (“Bayport Colombia”).

The loan will be disbursed in the Peso equivalent of Dollars through a Dollar/Peso swap. Bayport Colombia will have the option to extend the maturity date of a portion of the syndicated B Loan subject to the receipt of an acceptable Dollar/Peso swap for such extension. The proceeds of the loan will be used by Bayport Colombia to originate loans to borrowers in Colombia, at least seventy five percent (75%) of whom earn up to or less than 3.6 times the minimum wage in Colombia.

The U.S. based firm of Andrews Kurth LLP advised IDB as international counsel. Local legal advice was provided by Rodríguez – Azuero Abogados.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

IDB In-house Counsel:

Ignacio Javier Rodríguez-Viña Nieto

IDB Colombian Counsel:

Rodríguez – Azuero Abogados

Daniel Rodríguez Bravo, Partner

Molly Hassenfelt, Associate

Bayport Colombia S.A.S. US Counsel:

Alvarez Arrieta & Diaz-Silveira LLP

Bayport Colombia S.A.S. Colombian Counsel:

Santiago Jaramillo Villamizar & Asociados

As released by the former Andrews Kurth Kenyon LLP