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SubscribeCuatrecasas has advised BID Invest, a member of the Inter-American Development Bank Group, on financing of up to USD 12 million granted to Rentandes. This company is active in the operating lease of physical assets to expand access for micro, small, and medium-sized enterprises (“MSMEs”) to machinery, equipment, and productive fleets.
The financing will allow the company to incorporate more efficient assets into its portfolio, including machinery, industrial equipment, and fleets of electric, hybrid, and Euro VI trucks, which through leasing schemes will facilitate MSMEs' access to productive assets that will boost their growth without compromising their capital.
According to Juan Carlos Puentes, a Finance partner at Cuatrecasas, these types of transactions "open up key opportunities for MSMEs to access strategic, productive assets without making investments that could compromise their growth and liquidity. In this way, they directly impact the Colombian business sector, supporting the sustainable development of different economic sectors."
The financial structure of this transaction, which will be conducted in local currency, is divided into a committed tranche of up to USD 8 million and an uncommitted tranche of up to USD 4 million, both with a term of up to six years. This structure will provide Rentandes with resources for the initial expansion of its portfolio and, at the same time, flexibility to meet additional demand, in line with the pace of investment and the useful life of the assets.
The Cuatrecasas team handling this transaction was led by Juan Carlos Puentes, with the support of lawyers Catalina Herrera, Emilio Echeverry, Angie Gómez, Verónica Hernández, Luisa Penagos, Daniel Salazar, Pablo Amorocho, María Garavito, and Susana Liévano (Finance); Alberto Zuleta (Arbitration and Litigation); and Alejandro Manrique (Corporate and M&A).Don’t miss our content
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