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Latham Represents OmniLatam in US$100 Million Synthetic Colombian Peso Debt Financing
April 4, 2022
Members of the firm’s Latin America Practice advised the digital financial services platform in the transaction.
OmniLatam, a data-driven fintech company focused on providing small and medium enterprises with working capital solutions in Latin America, announced it has closed a US$100 million debt facility with US-based Gramercy Funds Management LLC to expand its operations in Colombia.
The facility was secured by the trade finance receivable contributed to a special purpose Colombian security trust (patrimonio autónomo) created as the borrower vehicle. The facility will finance portfolio growth and complement existing banking facilities.
Latham & Watkins LLP advised OmniLatam in the transaction with a deal team led by partner Tony Del Pino and associate Carlos Ardila, with associate Carlos Ibarguengoitia.