Talwar Thakore & Associates (TT&A) advised IFC – International Finance Corporation on term loans aggregating up to USD 14,000,000 proposed to be extended by IFC (supported by International Development Association Private Sector Window Local Currency Facility) to Worldlink Communications Limited and its subsidiary Data World Private Limited (“Borrowers”) to inter alia grow Nepal’s fiber networks and develop innovative data centers across Nepal to help bridge the digital divide and drive inclusive development.
Additionally, a partial credit guarantee aggregating upto USD 12,000,000 is also proposed to be extended by IFC (for its own account and, in its capacity as Implementing Entity of the IDA20 Private Sector Window Blended Finance Facility) to mobilize a local commercial bank to provide additional debt financing to the Borrowers.
The TT&A Team included Joint Managing Partner Gautam Saha, Partner Nikhil Bahl, Managing Associate Siddharth Tandon, Senior Associate Daksh Middha and Associate Maansi Mehta.
Pioneer Law Associates acted as Nepal counsel to International Finance Corporation (IFC) in connection with its financing to WorldLink Communications Ltd. and its subsidiary, Data World Private Limited, to support the development of data center infrastructure and ISP business in Nepal.
The Pioneer Law team was led by Managing Partner Anup Upreti, with support from Associate Sujan Shrestha.
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