small-logo
ProfessionalsCapabilitiesInsights & NewsCareersLocations
About UsAlumniOpportunity & InclusionPro BonoCorporate Social Responsibility
Stay Connected:
facebookinstagramlinkedintwitteryoutube
  1. Experience

Insight

Celeres Capital Advisors, LLC's up to US$100M Revolving Loan Facility for Orchid Funding LLC (as servicer/sponsor)

  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page
  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page

Insight

Celeres Capital Advisors, LLC's up to US$100M Revolving Loan Facility for Orchid Funding LLC (as servicer/sponsor)

  • PDFPDF
    • Email
    • LinkedIn
    • Facebook
    • Twitter
    Share this page

1 Min Read

Related Capabilities

Transactions

May 27, 2021

Winston & Strawn LLP represented Celeres Capital Advisors, LLC, as administrative agent, in connection with an up to US$100M revolving loan facility for the financing of a portfolio of small consumer loans to active and retired government/municipal workers originated by the Police Members Association of Puerto Rico (the PMA) and Orchid Funding LLC (Orchid) on behalf of the PMA and sold on a servicing-retained basis to an SPV borrower (a Delaware LLC unaffiliated with the PMA). The consumer loans are originated by (or on behalf of) the PMA in Puerto Rico pursuant to a local regulatory regime under which the Puerto Rico Treasury Department deducts principal and interest payments for the consumer loans directly from the related obligor's paycheck or pension check, and remits those payments to an account of Orchid, as servicer of the loans under the facility. The deal involved a complicated interaction between New York law finance documents and Puerto Rico law loan and origination documents.

Logo
facebookinstagramlinkedintwitteryoutube

Copyright © 2025. Winston & Strawn LLP

AlumniCorporate Transparency Act Task ForceDEI Compliance Task ForceEqual Rights AmendmentLaw GlossaryThe Oval UpdateWinston MinutePrivacy PolicyCookie PolicyFraud & Scam AlertsNoticesSubscribeAttorney Advertising