Dentons Advised Lenders On Landmark US$160 Million Financing To Capital Bank Of Jordan

Dentons advises lenders on landmark US$160 million financing to Capital Bank of Jordan

Dentons, the global law firm, has advised a consortium of lenders—including the European Bank for Reconstruction and Development, the OPEC Fund for International Development, the Arab Fund for Economic and Social Development, SANAD Fund for MSME acting in respect of SANAD Fund for MSME – Debt Sub-Fund, and the Green for Growth Fund S.A., SICAV-SIF—on a US$160 million unsecured term loan facility provided to Capital Bank of Jordan PLC, one of Jordan’s leading financial institutions.

This milestone financing marks several significant firsts in Jordan’s financial sector: the largest debt mobilisation ever arranged in the country’s financial industry; the largest Basel III-compliant subordinated loan extended to a Jordanian financial institution; and the first EBRD A/B loan implemented in Jordan to a financial institution. The 10-year facility is expected to strengthen Capital Bank’s Tier II capital base and enhance its lending capacity to MSMEs across Jordan, with a portion allocated to green sub-projects in line with the Central Bank of Jordan’s Green Strategy.

The Dentons team was led by Tamsyn Mileham (Partner & Co-Head of Financial Institutions, Europe), with support from Surbhi Malhotra-Trenkel (Counsel) and Lara Battal (Trainee Solicitor).

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