TT&A is assisting DFC in its loan facility (by way of an external commercial borrowing) of up to USD 35,000,000 to CreditAccess Grameen Limited (“Borrower”), a NBFC-MFI. TT&A is closely involved in all aspects of the transaction which include: (i) undertaking a legal due diligence of the borrower’s business; (ii) reviewing the New York law governed finance agreement and drafting and negotiating the security trustee agreement and deed of hypothecation; (iii) providing regulatory and corporate advice on any legal issues impacting the transaction; and (iv) assisting in the closing of the transaction.

The deal is significant as the Borrower (which is also India’s largest micro-finance institution) is the first institution in India to partner with DFC in a new initiative aimed to increase financial inclusion for marginalized women.

TT&A Team: Gautam Saha, Pallavi Meena & Pragya Sood – Partners