Credivalores High-Yield Notes Offering, Tender Offer and Consent Solicitation

Davis Polk advised the initial purchasers on a Rule 144A and Regulation S offering of $300 million aggregate principal amount of 8.875% senior notes due 2025 of Credivalores–Crediservicios S.A.

Davis Polk also advised the dealer managers in connection with the offer to purchase any and all of the outstanding 9.750% senior notes due 2022 issued by Credivalores and subsequent exchange with Credivalores of such notes for a portion of the proceeds from the issuance of 8.875% senior notes due 2025.

Credivalores is a non-bank financial company in Colombia focused on origination of consumer loans, providing non-bank credit for the low- and middle-income segments of the population that are underserved by the Colombian financial system.

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. The tax team included partner Po Sit and associate Ben Levenback. All members of the Davis Polk team are based in the New York office.