20 January, 2021 Colombia

Alpha Capital’s COP$136,432 Million Loan Agreement

Banking, Finance and Capital Markets

Philippi Prietocarrizosa Ferrero DU & Uría, White and Case LLP, Creel, García-Cuellar, Hunton Andrews Kurth LLP, Kuri Breña Sánchez Ugarte y Aznar S.C., and Gomez Pinzón Abogados S.A.S. advised on the case.

Alpha Capital S.A.S. acted as Borrower and Alpha Credit S.A. de C.V. and its subsidiaries as Guarantors under a loan agreement of COP$136,432,800,000 granted by Inter American Investment Corporation to repay the Borrower’s existing debt and to finance the origination of the paycheck loans granted by the Borrower in Colombia.

The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.

Philippi Prietocarrizosa Ferrero DU & Uría acted as local counsel to Alpha Capital S.A.S. as Borrower and Alpha Credit S.A. de C.V. and its subsidiaries as Guarantors with a team led by partner Hernando Padilla.

White and Case LLP acted as New York counsel to the Borrower and Guarantors with partner Bibiana Jaimes and associates Stephanie Rohlfs and Diego Cánepa.

Creel, García-Cuellar acted as Mexican counsel to the Borrower and Guarantors with a team including partner Emilio Aarún and associates José Pablo Buenfil and Maria Luisa Gutierrez.

Hunton Andrews Kurth LLP acted as New York counsel to the Lender with partner Alejandro Silva and associate Juan Olano.

Kuri Breña Sánchez Ugarte y Aznar S.C. acted as Mexican counsel to the Lender with a team led by partner Silvia Roldán Gregory.

Gomez Pinzón Abogados S.A.S. acted as local counsel to the Lender with partner Daniel Londoño and associates Catalina Prieto and Alejandro Ortiz.

Involved fees earner: Emilio Aarún Cordero – Creel, García-Cuéllar, Aiza y Enriquez SC; José Pablo Buenfil – Creel, García-Cuéllar, Aiza y Enriquez SC; María Luisa Gutiérrez – Creel, García-Cuéllar, Aiza y Enriquez SC; Daniel Londoño – Gómez-Pinzón; Alejandro Ortiz Caballero – Gómez-Pinzón; Catalina Prieto – Gómez-Pinzón; Juan Olano – Hunton Andrew Kurth; Alejandro Silva – Hunton Andrew Kurth; Silvia Ema Roldán Gregory – Kuri Breña Sánchez Ugarte y Aznar; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Diego Cánepa Fernández – White & Case; Bibiana Jaimes – White & Case; Stephanie Monroe Rohlfs – White & Case;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Gómez-Pinzón; Hunton Andrew Kurth; Kuri Breña Sánchez Ugarte y Aznar; Philippi Prietocarrizosa Ferrero DU & Uría; White & Case;

Clients: Alpha Capital; Alpha Credit; IDB Invest;

Source: Global Legal Chronicle

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