$300 Million High-Yield Offering by AlphaCredit

December 12, 2017

Cleary Gottlieb is representing the initial purchasers Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities LLC in a high-yield global bond offering by Alpha Holding, S.A. de C.V., (AlphaCredit).

AlphaCredit is a rapidly growing specialty finance company with operations in Mexico and Colombia, with a focus on consumer and small and medium-sized business lending. The offering, which priced on December 12, 2017, and is expected to close on December 19, 2017, consists of $300 million 10.000 percent senior notes due 2022 and is being conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the United States in reliance on Regulation S.

AlphaCredit will use a portion of the proceeds from this offering for general corporate purposes and the remainder to repay certain of its indebtedness, including its recent $50 million senior secured guaranteed bridge loan facility in which Cleary represented UBS AG, Stamford Branch in its role as administrative agent, collateral agent and lender.

AlphaCredit is a specialty finance company founded in 2011 and based in Mexico City, with additional corporate offices in Monterrey, Mexico and Bogotá, Colombia. The company focuses on consumer lending and has a diversified, scalable and vertically integrated business platform focused primarily on payroll loans, automated clearing-house loans, small business loans and leasing services.