Global law firm White & Case LLP has advised Bayport Colombia S.A., a subsidiary of leading specialist credit provider Bayport Management Limited, on its entry into a COP-denominated secured loan agreement of up to US$150 million through a Colombian trust established by Bayport Colombia S.A., as borrower, and a syndicate of leading international lenders.
Bayport Management is a multinational company offering transactional banking, credit and insurance solutions to individuals and microbusinesses in emerging and frontier markets. Bayport's footprint includes 243 branches in Africa and 77 branches in Latin America, servicing a consolidated borrower base of more than 500,000. The proceeds of the loan will be used to expand Bayport's Colombian operations.
The White & Case team that advised on the transaction was led by partner Sabrena Silver and included associates Nathalia Osorio and Heather Cameron, all based in New York.
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