Mayer Brown advises SMBC on first-of-its-kind €100 million SACE push facility

London — Mayer Brown has advised SMBC as Bookrunner, Mandated Lead Arranger and SACE Agent, acting alongside Citi as Mandated Lead Arranger, on a first-of-its-kind €100m SACE push facility to the Eastern and Southern African Trade and Development Bank Group (“TDB”).

This syndicated facility aims to support TDB’s mission of fostering regional growth and integration, while increasing Italian procurement through the involvement of TDB and its clients.

By encouraging the involvement of Italian companies in projects within member states, the agreement will foster cross-border cooperation and economic integration in alignment with the African Continental Free Trade Area and the Sustainable Development Goals.

The Mayer Brown team was led by Finance partner Ashley McDermott and included associate Erica Arcudi and trainee Victoria Dyer.