lawyermonthly 1100x100 oct2024eb sj lawyermonthly 800x90 dalyblack (1)

Credivalores-Crediservicios SA Obtains Financing of $100 Million

Reading Time:
< 1
 minutes
Posted: 31st August 2022 by
Lawyer Monthly
Share this article

Muñoz Aya advised Credivalores-Crediservicios SA (Credivalores) on the provision of a $100 million collateralised credit facility.

Latham & Watkins and Gómez-Pinzón represented the lenders, UBS O’Connor and Gramercy, while Clifford Chance also advised Credivalores.

Credivalores is a leading non-bank financial firm in Colombia that provides payroll and consumer loans services primarily intended to serve low- and middle-income individuals. The $100 million credit facility was raised for a newly created special purpose trust established in Colombia for the purpose of acquiring and holding loans originated by Credivalores’ Crediuno credit card business in the country.

The transaction includes loans provided directly to a special purpose trust established to purchase loan assets from Crediuno. In addition, the credit facility includes a novel borrowing structure with features focused on the verification and auditing of the loan origination process as well as Credivalores’ corporate governance.

Muñoz Aya advised Credivalores with a team comprising partners Edgar Muñoz and Lina Lineros and associates Gabriel Contreras, Alejandra Restrepo and Daniela Hoyos.

Sign up to our newsletter for the latest Deals Updates
Subscribe to Lawyer Monthly Magazine Today to receive all of the latest news from the world of Law.

About Lawyer Monthly

Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.