Latham Represents OmniLatam in US$100 Million Synthetic Colombian Peso Debt Financing

Members of the firm’s Latin America Practice advised the digital financial services platform in the transaction.

April 04, 2022

OmniLatam, a data-driven fintech company focused on providing small and medium enterprises with working capital solutions in Latin America, announced it has closed a US$100 million debt facility with US-based Gramercy Funds Management LLC to expand its operations in Colombia.

The facility was secured by the trade finance receivable contributed to a special purpose Colombian security trust (patrimonio autónomo) created as the borrower vehicle. The facility will finance portfolio growth and complement existing banking facilities.

Latham & Watkins LLP advised OmniLatam in the transaction with a deal team led by partner Tony Del Pino and associate Carlos Ardila, with associate Carlos Ibarguengoitia and international visiting associate Andres Fonseca.

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