Credivalores Reopens International Bond Offering
New York -- Paul Hastings LLP, a leading global law firm, announced today that it 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.
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