Holland & Knight Advises CrediQ on $200 Million Syndicated Loan

NEW YORK (March 19, 2025) – Holland & Knight advised Inversiones CrediQ Business S.A. and its subsidiaries in Costa Rica, El Salvador and Guatemala, on securing a $200 million five-year credit facility from Banco Latinoamericano de Comercio Exterior S.A. (Bladex) and Banco Agrícola S.A., a bank of Grupo Bancolombia. The transaction closed on February 28.

This is the second syndicated loan led by Bladex for CrediQ. The transaction met with strong market demand and was oversubscribed by 1.52 times the initial amount of $150 million, with the participation of 13 other financial institutions.

CrediQ provides development opportunities to families, microentrepreneurs and small and medium enterprises in Central America, facilitating access to credit for the acquisition of vehicles, a fundamental tool for mobility, entrepreneurship and economic growth in the region.

Bladex is a New York Stock Exchange (NYSE)-listed supranational bank established by the central banks of Latin American and Caribbean countries to promote foreign trade finance and economic integration.

Holland & Knight's representation of CrediQ was led by Partner Norberto Quintana, International Consultant Rodrigo Alvarado and Associate Juan Mata (Financial Services).

More information on the transaction can be found here.