The facility was structured in two tranches:
•    The first portion, which was unsecured, was worth US$35.8 million,
•    while the second senior 5-year tranche was worth US$67.5 million and secured with a portion of CrediQ's loan portfolio.

The company, one of the leading vehicle dealerships in Central America with a track record of 70 years and operations in Costa Rica, El Salvador, Honduras, Nicaragua, and Guatemala, will use the proceeds to grow the company’s loan portfolio and refinance debt held by its subsidiaries in Costa Rica and El Salvador.

The transaction attracted the interest of 10 financial institutions from Central America, the Caribbean and South America, the majority of which represent new banking relationships for CrediQ and GrupoQ.