Latham Represents KLYM in Dual-Currency, Dual-Tranche Synthetic Chilean and Colombian Peso Debt Financing Facility

KLYM (formerly known as OmniLatam), a data-driven fintech company focused on providing small and medium enterprises with working capital solutions in Latin America, has closed a US$20 million incremental debt facility with US-based Gramercy Funds Management LLC to expand its operations in Chile.

The facility was structured as an additional synthetic Chilean peso tranche to the existing US$100 million synthetic Colombian peso debt facility previously announced. The facility is secured by factoring and other trade receivables that are contributed to a special purpose Chilean company created as the borrower vehicle. The facility will finance portfolio growth and complement existing banking facilities.

Latham & Watkins LLP advised KLYM in the transaction with a deal team led by partner Tony Del Pino and associate Carlos Ardila, with associate Pedro Eraso.