US$200 million Promerica Financial Corporation first ever US issuance

Arias, Fábrega & Fábrega represented the lead bookrunners Bank of America Merrill Lynch, Credit Suisse Securities (USA) LLC and Banco General, S.A., in Promerica Financial Corporation’s initial debt offering of US$200 million senior secured notes due 2024 pursuant to Rule 144A/Reg. S.

The notes listed on the Luxembourg Stock Exchange and received a B+ and BB- credit rating from S&P and Fitch, respectively. Proceeds from the offering, which closed November 14, 2018, will be used to refinance the existing debt of Promerica and to fund future growth of Promerica and its subsidiaries.