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To complete the restructuring process of its liabilities, Credivalores requested the Superintendence of Societies of Colombia to accept a reorganization process according to Law 1116 of 2006
Bogotá D.C, August 30, 2024
Credivalores secures historic approval from New York Court for exchange of its 2025 Notes
Bogotá D.C, July 3, 2024
Credivalores proactively presented the plan to complete the exchange of its bonds maturing in 2025 at the United States Court in the Southern District of New York.
Bogotá D.C, May 16, 2024
The Company is pleased to announce that the Plan was overwhelmingly approved as holders of the Old Notes submitted votes in favor of the Plan in an amount and number that satisfy the Threshold required by Law
Bogotá, April 4th 2024.
In connection with the Exchange Offer, the Company also solicited votes on its Plan of Reorganization to be filed in the U.S. Court for the sole purpose of restructuring the Old Notes. The Company is pleased to announce that the Plan was overwhelmingly approved as holders of the Old Notes submitted votes in favor of the Plan in an amount and number that satisfy the Threshold required by Law.
Credivalores finalizes the issuance of an offer for new Senior Secured Step-up Notes due 2029 backed by $168 million of loan portfolio
Bogotá, March 8th 2024.
The institution announces new Senior Secured Step-up Notes maturing in 2029, with staggered coupons, following agreements reached with an Ad Hoc Bondholders Committee.
Credivalores announces that it will launch an exchange offer for its 8.875% senior unsecured 2025 bonds, with the support of the Ad Hoc Committee of Bondholders, in the coming days
Bogota, Feb 07, 2024
This transaction will strengthen Credivalores' capital structure, improve its debt maturity profile and significantly reduce its refinancing requirements.
Credivalores announces the arrival of GDA Luma as its new strategic partner through significant capital investment
Bogota, May 31, 2023
Credivalores paid the coupon corresponding to bond 144 A– Regulation S, maturing in February 2025.
Credivalores announces the arrival of GDA Luma as its new strategic partner through significant capital investment
Bogota, May 31, 2023
GDA Luma invests $58 million of new capital to enhance Credivalores and strengthen its position as one of the leading non-banking companies offering consumer loans in Colombia
Credivalores obtains new funding sources for USD$55 million
Bogotá, April 24th, 2023
Credivalores, as the leading Non-Banking Financial Institution (NBFI) in Colombia in the payroll market, announces a capitalization of USD$55 million, which allows the company to strengthen its balance sheet structure and thus consolidate its granting of credit operation.
Credivalores obtains new funding sources for COP$400 billion (about US$90 million)
Bogotá, September 14th, 2022
These new funding sources include two new financing structures for payroll loans through a Private Equity Fund and SPVs and a sale of future cash flows of non-performing loans.
Credivalores announces the payment of USD$168 million on their bond maturities
Bogotá, July 27th, 2022
Credivalores paid this July 27th its 144 A- Regulation S bond. This last payment corresponds to the remainder of the outstanding bonds initially issued in 2017 and 2018 for a total of USD$325 million.
Fitch Affirms Credivalores' 'B';Removes Rating WatchNegative; Outlook Negative
Bogotá, June 1, 2022
Fitch Ratings - New York - 01 Jun 2022: Fitch Ratings has removed the Rating WatchNegative (RWN) and affirmed Credivalores-Crediservicios S.A.'s
Credivalores successfully issued a new US$20 million note under the ECP Program
Bogotá, June 9, 2020
Despite of the difficulties that most consumer lending companies in Latin America face today, Credivalores was able to close this transaction maintaining the same coupon rate from issuances in 2018 and 2019
Credivalores successfully reopens it international bond for US$75 million in the capital markets
Bogota, Feb 13, 2018
The successful results from this reopening after seven months of the original issuance of the international bond, confirm the great interests from international investors in Credivalores’ business model and leadership position in the Colombian consumer lending and payroll loan segment of the population not properly served by traditional commercial banks
Credivalores successfully issues US$250 million in the international capital markets
Bogota, July 23rd, 2017
Credivalores-Crediservicios S.A. (“Credivalores”), the leading non-banking financial institution in Colombia with over 14 years of experience, announces that on July 27th, 2017, the Company successfully accessed the international bond markets, pricing its debut 144A / Reg S transaction via a US$250 million senior unsecured bond with a five year tenor. The issuer and the notes are rated B+ (stable) by Standard & Poor’s and by Fitch Ratings.
