We are pleased to announce that ARIAS acted as local counsel in Costa Rica, El Salvador, and Guatemala for the lenders with BLADEX and Grupo Bancolombia as joint lead arrangers in a significant $200 million syndicated loan for CrediQ. This transaction is a strategic step in supporting CrediQ’s operations and growth across the Central American region.
The syndicated loan is structured in two secured segments, providing CrediQ with essential working capital to expand its loan portfolio and continue its mission of providing accessible vehicle financing solutions.
At ARIAS, we played a pivotal role in negotiating and drafting the legal framework for this complex, multi-jurisdictional transaction, ensuring compliance with local regulations and aligning the interests of all stakeholders.
The transaction was led by Diego Gallegos, Partner at ARIAS Costa Rica, with the collaboration of our outstanding teams in Costa Rica, El Salvador and Guatemala:
- Costa Rica: Desirée Barahona (Associate)
- El Salvador: Ana Mercedes López (Partner), Rafael Burgos (Senior Counsel)
- Guatemala: Luis Pedro del Valle (Partner), Cindy Arrivillaga (Banking and Finance Director), Florencio A. Gramajo (Senior Counsel).
This transaction underscores our commitment to providing high-quality legal services in complex financial operations. We are honored to have been part of this landmark deal and congratulate all parties involved on its successful completion.