The International Finance Corporation (IFC), an entity of the World Bank, granted a loan of USD 25 million to Agrotec SA, to help support the Paraguayan agricultural services company. Agrotec is one of Paraguay’s leading agronomy services and is a subsidiary of the Agrihold Group, which was established in 1969 and today operates at both national and international level in the fields of agricultural, rural development and environment, offering a wide range of services which include technical assistance, and supply of scientific and analytical equipment.
Higgs & Johnson acted as the Bahamian legal counsel for the Initial Purchasers in the transaction. The team on this transaction was led by, Partner, Michael Allen. Higgs & Johnson is a full-service corporate and commercial law firm, with offices in The Bahamas and the Cayman Islands. The Commercial Practice Group regularly acts aspects of commercial cross border transactions, including financings, mergers and acquisitions.
Nicholson y Cano, Ferrere Abogados, Higgs & Johnson and Azevedo Zette Advogados advised on the transaction.