Publicado em 19/02/2021 - Track Record

Dias Carneiro, DLA Piper and Conyers Dill & Pearman advise IDB and IDB Invest on a BRL 155,808,000 loan to Creditas

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

Alexandre Graziano

Luiz Uehara

Jheniffer Palmeira

 Fonseca Marques

Taciana Fonseca Marques, Partner

Isabela Fernandes, Senior Associate