MERSAN acted as local legal counsel to DEG – Deutsche Investitions- und Entwicklungsgesellschaft in connection with a long-term unsecured financing granted to Banco Continental S.A.E.C.A.
The transaction was structured through two separate credit facilities in different currencies:
Loan A: up to USD 100,000,000
Loan B: up to EUR 20,000,000
As legal counsel, we advised on the applicable regulatory framework, assisted with the borrower’s legal due diligence process, and supported the review and alignment of the transaction documentation under Paraguayan law.
We are pleased to have supported DEG in this transaction, which contributes to the development of Paraguay’s financial sector.
Team: Oscar Mersán | Pablo Lu | Romina Cardozo
MERSAN advises international financial institutions and multinational clients on cross-border financings and regulatory matters involving Paraguayan law.