By Rebecca Melvin
New York, Feb. 12 – Creditvalores-Crediservicios SAS priced $300 million of new 8 7/8% notes due 2025, according to releases from two legal firms that assisted in the deal.
Credit Suisse, Morgan Stanley and BCP Securities were joint bookrunners of the Rule 144A and Regulation S notes.
The company concurrently tendered for its 9¾% notes due 2022. Some of those notes issued in 2017 were exchanged for the new notes, according to one of the releases dated Feb. 7.
Creditvalores is a Bogota, Colombia-based consumer lender.
| Issuer: | Creditvalores-Crediservicios SAS
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | 2025
|
| Bookrunner: | Credit Suisse, Morgan Stanley and BCP Securities
|
| Coupon: | 8 7/8%
|
| Announcement date: | Feb. 7
|
| Distribution: | Rule 144A and Regulation S
|
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