Banco Plata secured $300 million from Oaktree, Macquarie Group, Fasanara Capital and Banco Covalto under the Nomura-led private credit facility, up to $500 million.
These funds add to the original commitment by Nomura. This transaction will further fuel the company’s strategy to diversify and strengthen its funding base as it scales its banking operations in Mexico.
“These are among the most sophisticated institutional lenders globally and having them committed to our platform is a reflection of the funding structure we are building, one that is durable, cost effective and less reliant on short-term capital,” Marcos Kantt, chief financial officer at Plata, said.
