Credivalores’ $300 Million Senior Notes Offering

Paul Hastings LLP represented Credivalores in the transaction. Davis Polk advised the initial purchasers.

Credivalores – Crediservicios, S.A announced an international bond offering of US$300 million of 8.875% Senior Notes due 2025 pursuant to Rule 144A and Regulation S. The underwriters involved were Credit Suisse, Morgan Stanley and BCP Securities.

Credivalores is the leading non-bank provider of consumer loans in Colombia, providing non-bank credit to customers throughout Colombia who otherwise have limited access to credit.  Paul Hastings also represented Credivalores in its prior international bond offerings and all of its issuances of euro commercial paper under its Euro Commercial Paper Program.

The Paul Hastings team was led by Mike Fitzgerald (Picture) and Arturo Carrillo and included Steven Sandretto, Eduardo Gonzalez and Eduardo Menezes.

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. The tax team included partner Po Sit and associate Ben Levenback.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Arturo Carrillo – Paul Hastings; Michael Fitzgerald – Paul Hastings; Eduardo Gonzalez – Paul Hastings; Steven Sandretto – Paul Hastings;

Law Firms: Davis Polk & Wardwell; Paul Hastings;

Clients: BCP Securities; Credit Suisse; Credivalores-Crediservicios, S.A.S.; Morgan Stanley;

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Author: Ambrogio Visconti