Holland & Knight Advises IDB Invest on $179 Million Financing for Banco Supervielle in Argentina

NEW YORK (September 26, 2025) – Holland & Knight advised Inter-American Investment Corporation (IDB Invest) as lender and implementing entity for the JICA Trust Fund for the Development of Latin America and the Caribbean (TADAC Fund), in a term financing of up to $179 million to Banco Supervielle S.A., a private bank in Argentina. The TADAC Fund is administered by the IDB Group. The transaction closed on September 15.

The financing consists of a loan of up to $179 million, structured by IDB Invest, with IDB Invest providing an A loan for up to $50 million, the TADAC Fund providing a fund loan for up to $50 million and certain participants contributing up to $79 million through a B loan structure.

This transaction will allow Banco Supervielle to use the funds to finance small and medium-sized enterprises (SMEs) to promote financial inclusion, production and employment in strategic sectors.

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region.

Supervielle is a family-origin bank with a strong track record in Argentina's financial system. Today, the bank serves over 1.3 million active clients, operates a network of more than 130 branches nationwide and offers multichannel services, including a virtual service hub and digital channels such as WhatsApp, powered by generative artificial intelligence.

IDB Invest was represented by Holland & Knight Partner Stephen Double, Associate Nicolas Usandivaras and International Law Clerk Luciano Zanutto.

More information on the transaction can be found here.