Scotiabank Colpatria, Bancolombia, BBVA Colombia and The Bank Of Nova Scotia agreed to provide a USD221m loan to Onnet Fibra Colombia, a fiber-to-the-home network established by KKR and Telefónica in July 2021.

(LexLati) Scotiabank Colpatria SA, Bancolombia SA, BBVA Colombia and The Bank Of Nova Scotia (Scotiabank) granted a loan in dollars and Colombian pesos to Onnet Fibra Colombia, a joint venture between the US investment fund KKR and Telefónica Colombia, for the equivalent of 221 million of dollars.

In this transaction, Gómez-Pinzón Abogados and Simpson Thacher & Bartlett – United States (New York) supported the borrower. At the time of publishing this note we have not obtained confirmation from Simpson Thacher.

Allen & Overy – United States (New York) advised Scotiabank.