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.
Falar com a equipa da transação
Transações relacionadas
Manolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Saber maisHC 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.
Saber maisEllomay Capital has issued bonds
Ellomay Capital Ltd. has issued bonds to raise capital for its renewable energy projects, marking an important milestone in the company’s financing strategy.
Saber mais