Paul Hastings Advises Credivalores on Exchange Offer and Follow-On Issuance of Notes

Paul Hastings LLP is advising Credivalores-Crediservicios, S.A.S., a leading non-bank financial institution in Colombia, in connection with a liability management transaction involving an exchange offer and follow-on issuance of senior notes.

Credivalores issued a new series of senior notes under a notes placement program in exchange for notes outstanding from a prior series and also issued “new money” notes of the same series pursuant to a follow-on offering.

Partners Mike Fitzgerald and Arturo Carrillo are leading the Paul Hastings team, which also includes of counsel Pedro Reyes and associate Rigo Chavez.

Paul Hastings has advised Credivalores in all issuances under the notes placement program, and has also represented Credivalores in three international bond offerings in 2017, 2018 and 2020 for a total of $625 million of senior notes due 2022 and 2025.

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