White & Case acts for AlphaCredit on $400m debt issuance
White & Case has advised Alpha Holding (AlphaCredit), a Mexico City-based technology-enabled financial platform specialising in consumer lending and financial solutions for small and medium-sized enterprises, on its offering of 9.0 per cent senior notes due 2025 in an aggregate principal amount of $400 million.
The notes are guaranteed on a senior unsecured basis by certain of AlphaCredit’s Mexican and Colombian subsidiaries and were offered in a private placement under Rule 144A of the Securities Act of 1933 and outside of the US in reliance on Regulation S.
The net proceeds from the offering were used to repay certain of AlphaCredit’s existing debt and for general corporate purposes, including growing its lending portfolio, White & Case said.
The White & Case team was led by partner Taisa Markus (pictured) and included partners Bibiana Jaimes and Raymond Simon, and associates Stephanie Monroe Rohlfs and Kyle Ezzedine (all in New York).
