On December 31, 2020, the Inter-American Investment Corporation (IDB Invest), acting as agent on behalf of the Inter-American Development Bank (IDB), signed a BRL 155,808,000 secured loan facility to Creditas Soluções Financeiras Ltda. (Creditas) and guaranteed by Creditas Financial Solutions LLC (Delaware) and Creditas Financial Solutions Ltd. (Cayman).
Creditas is one of the newest Brazilian unicorns.
The proceeds of the loan will be used for the Borrower’s origination of sub-loans to sub-borrowers to pay or reimburse the costs of the financing, refinancing or origination of loans to Micro, Small and Medium Enterprises and vulnerable populations affected by the COVID-19 pandemic in Brazil.
The U.S. based firm of DLA Piper LLP (US) advised IDB Invest as NY counsel and Conyers Dill & Pearman advised IDB Invest as Cayman counsel. Brazilian law advice was provided by Dias Carneiro Advogados. Fonseca Marques Advogados advised Creditas as local transaction counsel.
Dias Carneiro Advogados
Thiago Vallandro Flores, Partner
Gustavo Junqueira, Partner
Fernanda Savorelli Melhem, Associate
DLA Piper LLP (US)
Greg Smith, Partner
Amala Nath, Of Counsel
Isidora Edwards, Associate
Conyers Dill & Pearman
Nicholas Pattman, Partner
Barnabas Finnigan, Counsel
IDB Invest In-house Counsel
Mariana Wiesel Beltrame, Legal Counsel
Creditas In-house Counsel
Taciana Fonseca Marques, Partner
Isabela Fernandes, Senior Associate