MERSAN served as local legal counsel to DEG – German Investment and Development Corporation in connection with a long-term unsecured loan 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 20,000,000 EUR
As legal counsel, we provided advice 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 financing and regulatory matters involving Paraguayan law.
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