Ritch Mueller advises Diggit on $32M facility
Ritch Mueller has represented Mexican fintech Diggit+ in a multi-tranche receivables-backed financing facility structured through a Note Purchase Agreement. The initial drawdowns included the issuance of Class A Notes in an aggregate principal amount of USD 32.3 million and Class B Notes in an aggregate principal amount of MXN 30 million, provided by funds managed by Victory Park Capital Advisors.
The transaction is cross-border in nature, involving both Mexican and U.S. jurisdictions. Diggit+ operates in the credit card refinancing segment, one of the more active areas within Mexico’s fintech sector.
Ritch Mueller’s team was led by partner Eric Silberstein Lerner (pictured), supported by Ana María Guerrero Rivera, Carla Salinas Vázquez, Emilio Sastré Castillo, and Patricio Mendoza Martínez.
Victory Park Capital Advisors was advised on Mexican law matters by Fernández, García-Naranjo, Boker & Garibay, and on U.S. law by Katten Muchin Rosenman.
Pagosafe, the operating entity behind Diggit+, received Mexican tax counsel from Díaz Rivera, Lalieu, Rosas, and U.S. legal advice from Royer Cooper Cohen Braunfeld.
