Milbank LLP advised Davivienda Group S.A. and certain of its subsidiaries as co-borrowers in connection with a $500 million credit facility granted by The Bank of Nova Scotia. The proceeds of the facility will be used, in part, to finance Davivienda’s acquisition of The Bank of Nova Scotia’s operations in Colombia, Panama and Costa Rica.
Davivienda, part of Conglomerado Financiero Bolívar, is a leading Latin American financial institution serving over 25 million customers across six countries. The company offers a wide range of banking and financial services and is recognized for its focus on innovation and sustainable growth.
The Milbank deal team was led by Corporate Finance and Securities partner Adam Brenneman with special counsel Gonzalo Guitart and international attorney Hugo Bruzone
