Rohatyn Group to Provide Debt Financing to Mexican Lender Credito Facil | News

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NEW YORK–(BUSINESS WIRE)–February 10, 2022–

Rohatyn Group (“TRG”), an asset management firm specializing in emerging markets and real assets, today announced that it will provide senior secured debt financing to Credito Facil SOFOM (“Credito Facil” or the “Company”), a provider of payroll and pension deduction loans (PDL) in Mexico. This is TRG’s first transaction in Mexico’s specialized financial sector after similar facilities closed in Colombia in 2017 and 2020.

Founded in 2011, Credito Facil is headquartered in Mexico City and has 47 local offices across the country. The Company operates through formalized cooperation agreements (“ conventions ”) with government entities, and by targeting low- and middle-income segments of the population who have limited or no access to credit from commercial banks, their payroll lending promotes financial inclusion.

“We are excited to expand our specialist financial coverage in Mexico, a key market where TRG is active in renewable energy and public equities,” said George Monserrat, Head of Private Credit Investments at TRG. “Loans with payday deductions are an attractive segment of credit and Credito Facil has substantial growth potential as shown by the recent signing of new conventions. We have now established a transaction finance structure in Mexico and look forward to supporting Credito Facil’s growth over the next few years.

“We are delighted to have entered into a financing structure with TRG, its first in Mexico. We appreciate the importance of establishing a strong relationship with a key international player. This capital will greatly facilitate the expansion of payday lending, our core business in Mexico, and Credito Facil is proud to contribute to the development of the country’s financial sector,” said Joaquin Hirschfeld, CEO of Credito Facil.

About TRG

Founded in 2002, The Rohatyn Group is an emerging markets and real assets focused asset management firm headquartered in New York, with a global presence in 15 cities in the United States, Latin America, Europe , the Middle East, India and Southeast Asia. For more information, please visit www.rohatyngroup.com.

Show source version on businesswire.com:https://www.businesswire.com/news/home/20220210005231/en/

CONTACT: TRG Contact:

Julie Rudnick/Columbia Clancy

Sard Verbinnen & Co

[email protected]

KEYWORD: NORTH AMERICA UNITED STATES CARIBBEAN SOUTH AMERICA CENTRAL AMERICA NEW YORK

SECTOR KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: The Rohatyn Group

Copyright BusinessWire 2022.

PUBLISHED: 02/10/2022 08:00 AM/DISC: 02/10/2022 08:02 AM

http://www.businesswire.com/news/home/20220210005231/en

Copyright BusinessWire 2022.


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