Citibank Infrastructure Guaranty Facilities: Represented DFC in connection with over $1.5 billion of DFC guaranty capacity across 16 risk-sharing guaranty facilities with Citibank, N.A. to finance infrastructure projects in Pakistan, South America, Africa, the Middle East, Russia/CIS, Asia, and Central America.
Pan American Energy Oil Development: Represented DFC in connection with a $250 million Series A/Series B First Loss guaranteed loan to finance the expansion of oil development activities in Argentina.
Maritza III Power Plant: Represented DFC in connection with a $200 million loan to finance the development of a 600 MW independent power generation facility in Bulgaria.
Real Infrastructure Capital Partners Solar Power: Represented Real Infrastructure Capital Partners in connection with a $45 million DFC loan to finance the construction of eight PV solar power plants in El Salvador.
Samoa Solar Power Plant: Represented the developer in connection with a DFC loan to finance a 2.4 MW PV solar power plant in the Independent State of Samoa. DFC’s first project in the Independent State of Samoa.
IES Gas Pipeline: Represented DFC in connection with Non-Honoring of Sovereign Guaranty expropriation coverage for a $250 million loan to finance the construction and operation of an offshore natural gas pipeline in Israel.
Cerro Verde Copper Mine: Represented DFC in connection with political risk insurance coverage for a $250 million equity investment to finance the privatization and expansion of an open-pit copper mine in Peru.
Rand Merchant Bank Infrastructure Facility: Represented DFC in connection with a $200 million co-lending facility with Rand Merchant Bank to finance infrastructure projects in Sub-Saharan Africa.
Water Sanitation and Health; Climate Adaptation and Mitigation; Education
WaterEquity Clean Water: Represented WaterEquity, Global Access Fund LP, and Global Access Fund LP IV in connection with $200 million of DFC financing to support increased access to safe water and sanitation in East Asia and the Pacific, Latin American and the Caribbean, South Asia, the Middle East and North Africa, Eastern Europe and Central Asia, and Sub-Saharan Africa.
SEAF Caribbean Finance Facility: Represented Small Enterprise Assistance Funds (SEAF) in connection with a $10 million loan from the Inter-American Investment Corporation of the Inter-American Development Bank to fund climate change adaptation, mitigation and post-disaster recovery projects in the Caribbean.
Phyto-Riker Pharmaceutical Facility: Represented DFC in connection with origination and successful restructuring of a $12.5 million loan to finance the privatization and expansion of a pharmaceutical distribution facility in Ghana.
International School of Kenya:Represented the International School of Kenya in connection with an $8 million loan from DFC to finance the construction and expansion of its school in Kenya.
Hewa Tele Medical Oxygen: Represent Hewa Tele Limited in connection with a $10 million loan from DFC to finance the construction of a medical oxygen facility in Kenya.
Ukrainian Catholic University Expansion: Represented Ukrainian Catholic University in connection with a $6.5 million DFC loan to finance the expansion of the University’s campus in Lviv, Ukraine.
Affordable Housing and Community Development
Roumel Development Housing: Represented DFC in connection with a $2.5 million loan to finance the construction and development of low-income housing in Bosnia & Herzegovina. DFC’s first project in Bosnia & Herzegovina.
Dominican Republic Housing: Represent the developer and construction contractor in connection with a loan from DFC to finance the construction and development of a low-income housing community in the Dominican Republic.
Ghana Home Loans Mortgages: Represented DFC in connection with a $30 million loan to capitalize Ghana Home Loans bank mortgage company to finance primary and secondary mortgages in Ghana.
Honduras Homes Housing: Represented DFC in connection with a $9 million loan to finance the construction and development of low-income housing in Honduras.
Inter-Mac Honduras Housing: Represent the developer and construction contractor in connection with the successful restructuring of a DFC loan to finance the redevelopment of an affordable housing community in Honduras.
Jopa Villas Housing: Represented DFC in connection with a $7 million loan to finance the construction and development of middle-income housing in Kenya.
MVB Panama Housing: Represented the borrower in connection with a $7.5 million DFC loan to finance the construction and development of low-income housing in Panama.
Private Equity Funds
WaterEquity Clean Water: Represented WaterEquity, Global Access Fund LP, and Global Access Fund LP IV in connection with $200 million of DFC financing to support increased access to safe water and sanitation in East Asia and the Pacific, Latin American and the Caribbean, South Asia, the Middle East and North Africa, Eastern Europe and Central Asia, and Sub-Saharan Africa.
Sarona Frontier Markets Fund: Represented Sarona Asset Management in connection with a $250 million facility and an $87.5 million DFC loan to fund SME investments in emerging markets. DFC’s first fund-of-funds facility.
Actis Fund: Represented DFC in connection with a $50 million investment guaranty to Actis Fund for investments in portfolio companies in Asia.
Paladin Fund:Represented DFC in connection with a $35 million investment guaranty to Paladin Fund for investment in real estate portfolio companies in Latin America.
Conduit Fund: Represented DFC in connection with a $60 million investment guaranty to Conduit Fund for investments in portfolio companies in Latin America.
Financial Institutions/Guaranty Facilities
Citibank Infrastructure Guaranty Facilities: Represented DFC in connection with over $1.5 billion of DFC guaranty capacity across 16 guaranty facilities to support loans made by Citibank, N.A. to finance infrastructure projects in Pakistan, South America, Africa, the Middle East, Russia/CIS, Asia, and Central America.
Citibank Microfinance Guaranty Facility: Represented DFC in connection with a $70 million DFC guaranty facility with Citibank, N.A. to fund microfinance loans in 48 emerging market countries.
WBC Guaranty Facility: Represent WorldBusiness Capital in connection with $175 million of DFC-guaranteed loans made to borrowers in Cambodia, El Salvador, India, Kazakhstan, Kenya, Moldova, Mongolia, Sri Lanka and Ukraine.
Bayport Management Ltd: Represented Bayport Management Ltd in connection with a $250 million DFC loan to fund BML’s strategic growth aspirations in Africa and Latin America.
Rand Merchant Bank Infrastructure Facility: Represented DFC in connection with a $200 million co-lending facility with Rand Merchant Bank to finance infrastructure projects in Sub-Saharan Africa.
Iraq Middle Market Development Foundation Guaranty Facility: Represented DFC in connection with a $20 million co-guaranty facility with Global Communities and IMMDF to support loans made by local banks in Iraq.
AMEEN Guaranty Facility: Represented DFC in connection with a $20 million co-guaranty facility with Global Communities and AMEEN, S.A.L. to support loans made by local banks in Lebanon.
Liberia Enterprise Development Fund Reconstruction Facility: Represented DFC in connection with a $20 million loan to LEDFC to finance reconstruction efforts in Liberia.
SA Taxi: Represented SA Taxi in connection with over $350 million of loans from DFC and other development finance institutions to expand SA Taxi’s financial services business in South Africa.
Middle East Investment Initiative: Represented Global Communities in connection with a $110 million DFC loan to support loans in the West Bank and Gaza.
Loan Restructuring and Workouts
EAG Afghanistan: Represented Emergent Advisory Group in connection with its purchase of Afghan Growth Finance and the successful restructuring of a DFC loan that funded loans to SMEs in Afghanistan.
Phyto-Riker Pharmaceutical Facility: Represented DFC in connection with the successful restructuring of a DFC loan that financed the privatization and expansion of a pharmaceutical distribution facility in Ghana.
Teberebie Goldfields: Represented DFC in connection with the successful restructuring and sale of a $20 million DFC loan that financed the construction and expansion of a gold production facility in Ghana.
Matanzas Hydroelectric: Represented DFC in connection with the successful equity restructuring and repayment of a $20 million DFC loan that financed the construction of a 14 MW hydroelectric project in Guatemala.
Inter-Mac Honduras Housing: Represent the developer and construction contractor in connection with the successful restructuring of a DFC loan to finance the redevelopment of an affordable housing community in Honduras.
ZAO Star Networks Telecommunications: Represented ZAO Star Networks in connection with the successful restructuring of the equity and $28 million DFC loan that financed a telecommunications project in Russia.
Century 21 Real Estate Franchise: Represented a U.S. company in connection with the successful purchase and restructuring of a DFC loan that financed the operation of a real estate franchise in Russia and Ukraine.
Microfinance and SME Finance
Citibank Microfinance Guaranty Facility: Represented DFC in connection with a $70 million DFC guaranty facility with Citibank, N.A. to fund microfinance loans made by Citibank in 48 emerging market countries.
Sarona Frontier Markets Fund: Represented Sarona Asset Management in connection with a $250 million facility and an $87.5 million DFC loan to fund SME investments in emerging markets.
Small Enterprise Assistance Funds (SEAF): Represented SEAF in connection with over $150 million of financing:
(i) SEAF COVID-19 Facility: $20 million DFC loan to fund emergency relief to SMEs worldwide to enable them to survive the COVID-19 crisis.
(ii) SEAF Global Facility: $30 million DFC loan to fund loans to SMEs worldwide.
(iii) SEAF Women’s Global Finance: $20 million DFC loan to fund loans to women-owned and women-led SMEs worldwide.
(iv) SEAF Afghanistan SME Facility: $50 million DFC loan to fund loans and equipment leases to SMEs through Afghan Growth Finance in Afghanistan.
(vi) SEAF Co-Lending SME Facility: $30 million DFC co-lending facility to fund loans and equipment leases to SMEs in Afghanistan.
Iraq Middle Market Development Foundation: Represented Global Communities in connection with a $10 million DFC loan to IMMDF to support SME and agribusiness loans made in Iraq.
Microfinance and Housing Facility: Represented DFC in connection with a $30 million loan to Global Communities to fund microfinance and housing loans in Lebanon.
Microenterprise, Small Enterprise, and Housing Facility: Represented Global Communities in connection with a $25 million DFC loan to support micro enterprise, small enterprise, and housing loans in Lebanon.
Liberia Enterprise Development Fund SME Facility: Represented LEDFC in connection with a $17 million DFC loan to support SME lending in Liberia.
West Bank Microfinance/Housing Facility: Represented Global Communities in connection with a $7.5 million DFC loan to fund microfinance and housing loans in the West Bank.
Political Risk Insurance
Djibouti Salt Mine: Represented DFC in connection with DFC’s issuance of $60 million of political risk insurance to cover the debt financing of the construction and operation of a salt mine in the Republic of Djibouti.
Bucheit International: Represented DFC in the successful defense of a political risk insurance claim brought against DFC under DFC’s political risk insurance contract covering the equity investment in a construction project in Gaza.
Rota International: Represented DFC in the successful defense of a claim brought against DFC under DFC’s political risk insurance contract covering the equity investment in a cashew production facility in Guinea-Bissau.
IEC Gas Pipeline: Represented DFC in connection with Non-Honoring of Sovereign Guaranty expropriation coverage for a $250 million loan to finance the construction and operation of an offshore natural gas pipeline in Israel.
Josco: Represented DFC in the successful settlement and recovery of an expropriation claim brought against DFC under DFC’s political risk insurance contract covering the equity investment in a processing facility in Jamaica.
Cerro Verde Copper Mine: Represented DFC in connection with political risk insurance coverage for a $250 million equity investment to finance the privatization and expansion of an open-pit copper mine in Peru.