Arias, Fábrega & Fábrega acted as Panamanian legal counsel to the ad-hoc group of lenders and investors in connection with the debtor-in-possession financing to Alpha Holding, S.A. de C.V. and Alpha Capital S.A.S.

Alpha Latam Management, LLC and certain of its affiliates that operate its Colombian business filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the District of Delaware. The Debtors’ affiliates operating in Mexico, including Alpha Holding, S.A. de C.V., were not included in the chapter 11 filing.

ARIFA assisted with the Panamanian aspects of the transaction, including the negotiation and creation of a pledge over the quotas of AlphaCredit Sudamérica S. de R.L., a Panamanian subsidiary of the Debtors.

AlphaCredit is a technology-enabled financial services group that have historically provided consumer lending to individuals and financial solutions in Colombia and Mexico.