NEW YORK (July 30, 2020) – Holland & Knight has advised Banco Bilboa Vizcaya Argentaria (BBVA) as lender on a $200 million facility to Corporación Andina de Fomento (CAF). The transaction closed on July 27, 2020.
Established in 1970, CAF is a development bank owned by 19 countries — 17 from Latin America and the Caribbean, Spain and Portugal — as well as 13 private banks in the region. It promotes a sustainable development model and regional integration through credit operations, non-reimbursable resources, and support for the technical and financial structuring of projects in the public and private sectors of Latin America. It is one of the main sources of multilateral financing and generates important knowledge for the region.
BBVA is a multinational financial services company based in Spain. It is one of the largest financial institutions in the world and operates mainly in Europe, South America and North America.
Holland & Knight Partners Stephen Double and Norberto Quintana and Associate Laura Güemes led the firm's work on the deal. They were assisted by Partner Gabriel Caballero and International Law Clerk Delfina Valle San Martín.
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