Andrews Kurth Represents IDB in $125 Million A/B Loan Facility to Brazilian Securities Companhia de Securitização in Brazil

(Washington, DC)—On June 16, 2015, the Inter-American Development Bank (“IDB”), as lender and administrator of the China Co-Financing Fund for Latin America and the Caribbean (the “IDB Fund”), closed on a US$125 million A/B loan facility to Brazilian Securities Companhia de Securitização (the “Borrower”) consisting of (a) an A Loan of up to US$75 million (US$50 million funded by IDB, and US$25 million funded by the IDB Fund) and (b) a B Loan of up to US$50 million. The proceeds of the loan will be used by the Borrower to purchase certain real estate agreements and/or securities issued under the applicable law of the Federative Republic of Brazil.

The U.S. based firm of Andrews Kurth LLP advised the IDB as international counsel. Local legal advice was provided by Veirano Advogados in Brazil.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

John Steele, Of Counsel

Ignacio Hirigoyen, Associate

IDB In-house Counsel:

Jose Tadeo Martinez Campo, Project Attorney

IDB Brazilian Counsel:

Veirano Advogados

Roberto Rudzit Neto, Partner

Isabela Martins Xavier, Associate

Viviane Farias, Associate

In-House Counsel to Borrower:

Camila Corá Reis Pinto, Jurídico Institucional, BancoPan

As released by the former Andrews Kurth Kenyon LLP