Several international and Colombian law firms have advised on a notes issuance by Colombian fintech Addi and in a deal where the finance company obtained its local banking licence.
In the most recent deal, Addi turned to Garrigues (Colombia) to obtain regulatory approval to operate as a supervised financial institution in Colombia. The transaction closed on 6 April.
A few days before, Cuatrecasas (Colombia) has helped Addi carry out a US$150 million debt issuance.
Two Mayer Brown LLP offices and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) assisted JPMorgan Chase Bank and Fasanara Capital as underwriters on the deal.
Latin Lawyer understands that international firm Paul Hastings LLP and Carey Olsen in the Cayman Islands assisted Addi, while international firm Dechert also assisted the banks.
The offering closed on 2 April. Addi will use the proceeds to fund the growth of its consumer lending platform and for general corporate purposes.
The transaction follows a similar financing involving many of the same firms. In November, Cuatrecasas and Carey Olsen advised Addi as it increased an existing facility to US$227 million. Mayer Brown and PPU acted for the lenders on that deal.
