Credivalores’ reopening issuance of its inaugural Rule 144A / Regulation S international bonds


Paul Hastings represented Credivalores – Crediservicios S.A.S., a Colombian specialty finance company, in connection with a reopening issuance of its inaugural Rule 144A / Regulation S international bonds.

The offering involved the issuance of $75,000,000 of 9.750% Senior Notes due 2022 to investors outside the United States. BCP Securities participated as initial purchaser of the notes.

Credivalores is a leading non-bank provider of consumer loans in Colombia, providing non-bank credit to customers throughout Colombia who otherwise have limited access to credit. This transaction is a significant accomplishment in light of the very significant volatility in the financial markets, and marks the first reopening of an international bond offering by a non-bank financial services company in Colombia. Paul Hastings has also represented Credivalores in all of its 14 international issuances under its Euro Notes Program.

Latin America practice partners Mike Fitzgerald (Picture) and Arturo Carrillo led the Paul Hastings team, which also included partner Steven Sandretto, associates Eduardo Gonzalez and law clerk Hannah Kropp.

Involved fees earner: Michael Fitzgerald – Paul Hastings; Arturo Carrillo – Paul Hastings; Steven Sandretto – Paul Hastings; Eduardo Gonzalez – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Credivalores-Crediservicios, S.A.S.;

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Author: Ambrogio Visconti.