Banking and Finance transactions


We represented BBVA, as administrative agent, and the lenders, in a USD$1,750 million revolving loan granted to Grupo Bimbo, for general corporate purposes of the borrower and its subsidiaries.

CLIENT:

BBVA Bancomer

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

September 2021

VALUE:

USD$1,750 million

OTHER FIRMS:

Davis Polk & Wardwell LLP, special New York counsel to the Administrative Agent. Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel to the Borrowers. Galicia Abogados, S.C., special Mexican counsel to the Borrowers.


We represented JPMorgan Chase Bank, as administrative agent, and the lenders, in a USD$80 million secured term credit facility granted 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 International Finance Corporation, as lender, in connection with a loan agreement dated as of May 28, 2021, entered into by Promotora Xcaret, as borrower, and certain affiliates, as guarantors, for a total amount of USD$70 million, for strengthening their 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 Banorte, in a loan of USD$120 million granted 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


We represented BBVA, in the refinancing of Restaurantes Toks' existing debt for an aggregate amount of MXN$1,100 million. The amended and restated credit agreement is secured by means of a security trust agreement.

CLIENT:

BBVA Bancomer

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2021

VALUE:

MXN $1,100 million

OTHER FIRMS:

Jones Day - Asesor legal externo de Restaurantes Toks


We represented BBVA, Santander, Scotiabank and HSBC, in the refinancing of Grupo Gigante's existing debt for an aggregate amount of MXN$4,850 million. The consolidated credit agreement is secured by means of a security trust agreement and a securities' pledge with transfer of ownership (prenda bursatil traslativa de propiedad).

CLIENT:

Scotiabank Inverlat
Banco Santander México
BBVA Bancomer
HSBC México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2021

VALUE:

MXN$4,850 million

OTHER FIRMS:

Jones Day - Asesor legal externo de Grupo Gigante


We represented CCLA and CIM Group, in the restructuring of a loan of MXN$2,223 million and an additional line of credit of MXN$276 million.

CLIENT:

CCLA and CIM Group

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2021

VALUE:

MXN$2,500 millones


We represented Banco Santander México, BBVA Bancomer, HSBC México, and Scotiabank, as structuring agents and lenders, Banco Santander México, as administrative agent and Banco Santander and BBVA Bancomer as environmental, social and governance agents, in a MXN$40,000 million syndicated loan granted to Coppel.

CLIENT:

Banco Santander México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

May 2021

VALUE:

MXN$40,000 millones

OTHER FIRMS:

Galicia Abogados, S.C., legal advisors of Coppel


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