BEPENSA, S.A. de C.V. agreed to acquire Credito Real USA Finance, LLC from Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV:CREAL *) in a bankruptcy sale.
March 21, 2023
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BEPENSA, S.A. de C.V. agreed to acquire Credito Real USA Finance, LLC from Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV:CREAL *) in a bankruptcy sale on March 22, 2023. A United States judge authorized the sale of Credito Real USA Finance to BEPENSA.
Credito Real SAB de CV SOFOM ENR, formerly known as Credito Real SAB de CV Sofom ER, is a Mexico-based company that provides consumer financing. The Company provides loans, either by providing direct financing to consumers or by establishing financing programs with consumer financing dealers that sell to Credito Real the collection rights from consumer financing products. Additionally, It provides financing directly to individuals that are employed by corporations with payroll deduction agreements with consumer financing dealers authorized by Credito Real. It operates through a number of subsidiaries, including AFS Acceptance LLC.
BEPENSA, S.A. de C.V. agreed to acquire Credito Real USA Finance, LLC from Crédito Real, S.A.B. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad No Regulada (BMV: CREAL *) in a bankruptcy sale.