Credivalores lands financing from hedge funds

Credivalores lands financing from hedge funds

Loans Debt Bonds Funds Capital Markets Colombia United States

Colombian consumer lender Credivalores has signed a $100 million credit line from two US hedge funds to pay off bonds that mature in July, according to press reports. Greenwich, Connecticut-based Gramercy Funds Management and UBS O'Connor, a New York-based hedge fund unit of the Swiss banking firm, will provide the three-year credit line, online news service Valora Analitik reported. Credivalores can access the financing for 12 months and start making repayments from the end of the second year,

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