Dentons with lenders on USD160 m financing to Capital Bank of Jordan
Dentons advised the lenders consortium —including the European Bank for Reconstruction and Development, the OPEC Fund for International Development, Arab Fund for Economic and Social Development, SANAD Fund for MSME acting in respect of SANAD Fund for MSME – Debt Sub-Fund, and the Green for Growth Fund S.A., SICAV-SIF — in connection with a US$160 million unsecured term loan facility to Capital Bank of Jordan.
The context
The 10-year facility is intended to strengthen the bank’s Tier II capital base and increase its capacity to finance micro, small and medium-sized enterprises (MSMEs) in Jordan. Part of the funding is expected to support green sub-projects, contributing to national sustainability objectives and aligning with the Central Bank of Jordan’s Green Strategy for the financial sector.
The Dentons team
Istanbul-based partner and co-head of financial institutions in Europe Tamsyn Mileham (pictured) led the Dentons team on the matter, together with Munich-based counsel Surbhi Malhotra-Trenkel, and trainee solicitor Lara Battal.
