Access Financial Services is in discussions to secure a senior unsecured loan of up to $774.7 million from IDB Invest, the private sector arm of the Inter-American Development Bank Group.
The proposed facility is aimed at supporting AFS's strategic push to expand its Micro, Small, and Medium-Sized Enterprise portfolio, with a special emphasis on improving access to financing for women-led businesses and scaling up its green loan offerings.
The loan, if approved, will be structured as a senior unsecured instrument with a tenure of up to seven years, including a moratorium period of up to one year.
AFS says the funding is expected to drive future growth and reinforce its commitment to inclusive and sustainable financing.
The company has indicated that further updates will be provided as the transaction advances.
A senior bank loan is a debt obligation issued to a bank of other financial institutions and then repackaged and sold to investors. The repackaged debt obligation consists of multiple loans.
Senior bank loans hold legal claim to the borrower's assets ahead of all other debt obligations.
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