Credivalores sets terms on exchange offer for 8 7/8% bonds due 2025

Chicago, March 11 – Colombia’s Credivalores-Crediservicios SA (Credivalores) is offering eligible bondholders an opportunity to exchange their $210.8 million existing 8 7/8% bonds due in 2025 for new senior guaranteed bonds with staggered coupons due 2029, according to press releases.

The issuer has been working with an ad hoc committee to ensure full payment of the bonds.

The company has been working with the committee on the exchange and plans to request a vote from investors to reprofile the outstanding bonds.

The bonds will be guaranteed by a $168 million loan portfolio.

Specific terms of the exchange offer may be obtained by contacting BCP Securities, Inc. (contact person: James Harper, 203 629-2186, jharper@bcpsecurities.com).

Bondholders may also contact Epiq Corporate Restructuring, LLC (646 362-6336, tabulation@epiqglobal.com).

Credivalores is a non-bank financial institution in Colombia focused on providing underbanked segments of the population access to consumer credit and microinsurance through loan products.

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