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Friday, 05 July 2019 18:50

White & Case advises Bayport Mexico on $79m loan

White & Case has advised Bayport Mexico (Financiera Fortaleza), a subsidiary of specialist credit provider Bayport Management Limited, on its entry into a 1.5-billion-peso ($79 million) secured loan agreement with an international lender.

Sabrena Silva White & CaseBayport Management is a multinational company offering transactional banking, credit and insurance solutions to individuals and microbusinesses in emerging and frontier markets, with 77 branches in Latin America and 243 branches in Africa, servicing a consolidated borrower base of more than 500,000 clients.

The proceeds of the loan will be used to finance Bayport's Mexican operations to provide financial solutions to an inclusive and broad customer base in Mexico.

"This transaction is an important milestone on our journey to become a top-three, non-bank payroll lender in Mexico, and we are pleased to be broadening our international capital markets exposure," Warren Abbey, CFO of Bayport Latin America, said.

The White & Case team that advised on the transaction was led by partner Sabrena Silver (pictured) and included associate Shana White, both of whom are based in New York), as well as Mexico City-based partner Juan Antonio Martín and associate Juan José Trevilla Fábregas.