transactions


We represented JPMorgan Chase Bank, as administrative agent, and the lenders, in a USD$80 million secured term credit facility to Compañía Minera Autlán, to refinance existing debt.

CLIENT:

JPMorgan Chase Bank

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2021

VALUE:

USD$80 million

OTHER FIRMS:

Simpson Thacher & Bartlett LLP, New York Counsel to the Administrative Agent; Canales, Dávila, De la Paz, Enríquez, Sáenz, Leal, S.C., Mexican Counsel to the Borrower; and Paul Hastings LLP, New York Counsel to the Borrower.


We represented J.P. Morgan Securities and Morgan Stanley, in connection with the offering by Bancomext of USD$500 million of its 2.720% Subordinated Preferred Capital Notes due 2031.

CLIENT:

J.P. Morgan Securties
Morgan Stanley

PRACTICE AREA:

Capital Markets

CLOSING DATE:

August 2021

VALUE:

USD$500 million

PROFESSIONALS:

OTHER FIRMS:

Simpson Thacher & Bartlett LLP counsel to Bancomext-Galicia Abogados, S.C. Mexican counsel to Bancomext-Shearman & Sterling LLP counsel to J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC


We represented International Finance Corporation, as lender, in a USD$70 million loan to Promotora Xcaret, as borrower, and certain affiliates, as guarantors, for strengthening its liquidity, among others.

CLIENT:

International Finance Corporation

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2021

VALUE:

USD$70 million

OTHER FIRMS:

Martínez Berlanga Abogados S.C. acted as mexican counsel to (i) Promotora Xcaret as borrower, (ii) Experiencias Xcaret Parques and Promotora Xel-Ha, as guarantors; and (iii) Destino Xcaret as mortgagor. Hunton Andrews Kurth LLP, acted as US. counsel to International Finance Corporation.


We represented Mexico Infrastructure Partners (EXI), in the structuring of a new Fibra-E named Fibra EXI, as well as Fibra EXI in the issuance of MXN$22,159 million CBFEs, placed in the Mexican Stock Exchange through an initial public offer and distribution to investors of EXI Funds.

CLIENT:

Mexico Infrastructure Partners (EXI) and Fibra EXI

PRACTICE AREA:

Energy and Infrastructure Projects

Capital Markets

CLOSING DATE:

August 2021

VALUE:

MXN$22,158 millones

OTHER FIRMS:

Creel, García-Cuéllar, Aiza y Enríquez, S.C. acted as external legal advisor to the placement agents: Santander, BBVA and BTG Pactual. Creel, García-Cuéllar, Aiza y Enríquez, S.C. acted as special Mexican tax counsel to Mexico Infrastructure Partners and the Issuer. Greenberg Traurig, S.C. acted as external legal advisor of the concessionaires that were acquired by Fibra EXI. Simpson Thacher & Bartlett LLP acted as external legal advisor to the Issuer. Davis Polk & Wardwell LLP acted as external legal advisor to the international advisors: Santander and BTG Pactual. Mijares Angoitia acted as counsel to ICA


We represented Mexico Infrastructure Partners (EXI), in the acquisition of 5 highways from ICA through several of its CKD and CERPI funds and subsequent sale by such funds to Fibra EXI in a series of transactions involving approximately MXN$22,159 million and the initial public offering of Fibra EXI.

CLIENT:

Mexico Infrastructure Partners (EXI) and Fibra EXI

PRACTICE AREA:

Mergers and Acquisitions

CLOSING DATE:

August 2021

VALUE:

MXN$22,158 millones

PROFESSIONALS:

OTHER FIRMS:

Creel, García-Cuéllar, Aiza y Enríquez, S.C. acted as external legal advisor to the placement agents: Santander, BBVA and BTG Pactual. Creel, García-Cuéllar, Aiza y Enríquez, S.C. acted as special Mexican tax counsel to Mexico Infrastructure Partners and the Issuer. Greenberg Traurig, S.C. acted as external legal advisor of the concessionaires that were acquired by Fibra EXI. Simpson Thacher & Bartlett LLP acted as external legal advisor to the Issuer. Davis Polk & Wardwell LLP acted as external legal advisor to the international advisors: Santander and BTG Pactual. Mijares Angoitia acted as counsel to ICA


We represented Banorte, in a loan of USD$120 million for the design, development, construction, adaptation, equipment, management, operation and administration of the Hilton Hotels & Resorts and Waldorf Astoria Hotels & Resorts projects located in Cancún, Quintana Roo.

CLIENT:

Grupo Financiero Banorte

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

August 2021

VALUE:

USD$120 million

OTHER FIRMS:

Sarur Servicios Integrales S.C.


We represented Santander and Morgan Stanley, in the termination of certain derivatives transactions entered with Altan Redes in connection with the potential insolvency proceeding (concurso mercantil) of the company.

CLIENT:

Morgan Stanley
Santander

PRACTICE AREA:

Restructurings and Insolvency

CLOSING DATE:

August 2021

VALUE:

ND

OTHER FIRMS:

N/A


We represented Banco Nacional de México, as administrative agent and collateral agent, Citigroup Global Markets, as sole lead arranger and bookrunner, and Banco Nacional de México, HSBC México, Banco Latinoamericano de Comercio Exterior, Scotiabank Inverlat, Bancolombia, Banco G&T Continental and Banco General Multibank, as lenders, in a credit facility to Pantaleon for a total amount of USD$190 million, to refinance existing debt. The credit facility is secured by means of several mortgage agreements and non-possessory pledge agreements.

CLIENT:

Banco Nacional de México
HSBC México
Banco Latinoamericano de Comercio Exterior
Scotiabank Inverlat
Bancolombia
Banco G&T Continental
Banco General
Multibank

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2021

VALUE:

USD$190 million

OTHER FIRMS:

Skadden, Arps, Slate, Meagher & Flom LLP, US counsel to the Lenders and Administrative Agent. Hogan Lovells US LLP, US counsel to the Company. Rios Patrón Abogados, S.C., Mexican counsel to the Company.


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