Global law firm White & Case LLP has advised Bayport Mexico (Financiera Fortaleza S.A. de C.V.), a subsidiary of leading specialist credit provider Bayport Management Limited, on its entry into a MXN 1.5 billion secured loan agreement with an international lender.
Bayport Management is a multinational company offering transactional banking, credit and insurance solutions to individuals and microbusinesses in emerging and frontier markets. Bayport's footprint includes 243 branches in Africa and 77 branches in Latin America, servicing a consolidated borrower base of more than 500,000.
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. Warren Abbey, CFO of Bayport Latin America stated: "This transaction is an important milestone on our journey to become a top-3 non-bank payroll lender in Mexico and we are pleased to be broadening our international capital markets exposure."
The White & Case team that advised on the transaction was led by partner Sabrena Silver and included associate Shana White (both New York), partner Juan Antonio Martín and associate Juan José Trevilla Fabregas (both Mexico City).
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