Hunton Andrews Kurth Represents IDB Invest on Multi-Tranche Financing to Derrimon Trading Company Limited

The Inter-American Investment Corporation (IDB Invest) closed on a $13 million multi-tranche loan facility to Derrimon Trading Company Limited, a limited liability company organized and existing under the laws of Jamaica (Derrimon). The facility includes a $5 million revolving tranche, and a $3 million (extendable to $8 million) term loan tranche. Derrimon, a major distributor of consumer goods to the Jamaican market, will use the proceeds of the facility to modernize its warehouse and distribution center in Jamaica, acquire consumer goods and fund the installation of solar panels, among other initiatives. The facility closed on December 22, 2024, and the first disbursement under the revolving tranche occurred on March 25, 2024.

The U.S.-based firm of Hunton Andrews Kurth LLP advised IDB Invest as its International Counsel. Hart Muirhead Fatta advised it on matters related to Jamaican laws.

International Counsel to IDB Invest:

Hunton Andrews Kurth LLP
Vera Rechsteiner, Partner
Gustavo Rodriguez-Villate, Associate

IDB Invest’s In-House Counsel:
Roumelia Pryce

Jamaican Counsel to IDB Invest:
Hart Muirhead Fatta
Donovan C. Walker
Justine A. Collins

Jamaican Counsel to Derrimon:
MH&CO
Bazil-Lee Williams