Dentons advises lenders on landmark US$160 million financing to Capital Bank of Jordan

Istanbul— Dentons has advised a consortium of lenders—including the European Bank for Reconstruction and Development, the OPEC Fund for International Development, Arab Fund for Economic and Social Development, SANAD Fund for MSME acting in respect of SANAD Fund for MSME – Debt Sub-Fund, and the Green for Growth Fund S.A., SICAV-SIF — on a US$160 million unsecured term loan facility provided to Capital Bank of Jordan PLC, one of Jordan’s leading financial institutions.

Global law firm Dentons acted for the lender group on all aspects of this milestone financing that marks several significant firsts in the Jordanian financial sector as the largest debt mobilisation ever arranged in the country’s financial industry; the largest Basel III-compliant subordinated loan extended to a Jordanian financial institution; and the first EBRD A/B loan implemented in Jordan to a financial institution.

The 10-year facility reflects the strong collaboration among all participating lenders and will bolster Capital Bank’s Tier II capital base while expanding its capacity to finance micro, small and medium-sized enterprises (MSMEs) across Jordan. A portion of the funding will be dedicated to green sub-projects, supporting Jordan’s sustainable development priorities and aligning with the Central Bank of Jordan’s Green Strategy for the financial sector.

Dentons team was led by Tamsyn Mileham, Partner and Co-Head of Financial Institutions in Europe, based in Istanbul, together with Surbhi Malhotra-Trenkel, Counsel in Munich, and Lara Battal, Trainee Solicitor.