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Credivalores Offers Additional Follow-On under Euro Commercial Paper Program

March 28, 2017

New York, NY -- Paul Hastings LLP, a leading global law firm, announced today that it represented Credivalores-Crediservicios, S.A.S. in connection with a follow-on offering under its US$150 million Euro Commercial Paper Program.

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 issuance, the tenth follow-on and the eleventh under this program, represented Credivalores’ twelfth international debt offering, in all of which Paul Hastings also represented Credivalores. The euro commercial paper was issued outside of the United States and Colombia pursuant to Regulation S.

Latin America practice partners Michael Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included associate Eduardo Gonzalez. Paul Hastings attorneys also recently advised on the US$912 million international IPO of Jose Cuervo, represented Sigma Alimentos, S.A. de C.V., on a €600 debt issuance and Mexican automotive part manufacturer Nemak in a €500 million debt issuance, and advised on two notable out-of-court debt restructuring deals for Arendal, S.A. and Industrias Unidas, S.A.. The practice was also recognized by LatinFinance for Syndicated Loan of the Year and Structured Financing of the Year for their work on deals related to the New International Airport of Mexico City project, and seven Paul Hastings attorneys were recognized among Latin America's Top 100 Lawyers by Latinvex (more than any other firm), a leading Latin America business publication.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.