Caja 18 has successfully secured a syndicated loan led by IFC
Caja de Compensación de Asignación Familiar 18 de Septiembre (Caja 18) has successfully secured US$45 million in private financing through an unsecured syndicated loan led by the International Finance Corporation (IFC).
The loan is structured in two tranches of US$22.5 million, each with a four-year term starting from the disbursement of the respective tranche. This four-year loan will support the expansion of Caja 18’s ‘social credit’ portfolio, which focuses on providing financial solutions to retirees and low-income workers.
Caja 18 is a private, nonprofit corporation with its own assets, dedicated to administering social security benefits and primarily providing social credit through payroll deductions. Operating within Chile’s stable and highly regulated ‘Cajas de Compensación’ (social security institution) industry, these entities are uniquely authorized to offer payroll-deductible loans that are both pensionable and non-waivable.
Oaklins’ team in Chile acted as the sole financial advisor to Caja 18 in the structuring and execution of a syndicated loan led by the IFC.


Talk to the deal team
Related deals
HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.
Learn moreGenerali has expanded its footprint in Bulgaria by acquiring one of the top health insurers on the market
Doverie United Holding has successfully completed the sale of United Health Insurance Fund Doverie (Doverie) to Generali CEE Holding.
Learn moreMicrofinanciera Fundeser has been sold to Grupo Financiero Atlántida
Incofin has successfully exited its investment in Microfinanciera Fundeser in Nicaragua through two of its funds: Rural Impulse Fund II (RIF II) and agRIF. It has sold 100% of its stake in Microfinanciera Fundeser to Grupo Financiero Atlántida through its subsidiary, Inversiones Tres Lagos.
Learn more