Banking and Finance transactions


We represented Banco Nacional de México, as administrative agent, in the negotiation and execution of the Amended and Restated Credit Agreement dated March 12, 2021, entered into by AT&T Comunicaciones Digitales, as borrower, guaranteed by AT&T Telecom Holdings and AT&T, with several financial institutions as lenders, for the amount of MXN$13,500 million due 2024.

CLIENT:

Banco Nacional de México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

March 2021

VALUE:

MX$13,500 million

OTHER FIRMS:

Shearman & Sterling, special New York counsel to the Administrative Agent. Galicia Abogados, special Mexican counsel to the Borrower. Sullivan & Cromwell, special New York counsel to the Borrower.


We represented Credit Suisse, in an unsecured credit agreement of USD$110 million granted to Crédito Real and Marevalley Corporation.

CLIENT:

Credit Suisse AG
Cayman Islands Branch

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

January 2021

VALUE:

ND

OTHER FIRMS:

Morgan, Lewis & Bockius - CS New York Counsel Milbank LLP - Mexarrend New York Counsel Kuri Breña Sánchez Ugarte y Aznar S.C. - Mexarrend Mexican Counsel


We represented Kala Capital, in the acquisition of a majority interest in Moneta Technologies Group, and in the negotiation of a credit agreement entered into with Alloy Merchant Finance Mexico, as lender, which proceeds were used to finance a portion of such acquisition.

CLIENT:

Kala Capital

PRACTICE AREA:

Banking and Finance

Mergers and Acquisitions

CLOSING DATE:

January 2021

VALUE:

ND

OTHER FIRMS:

Maio Stearling, S.C. as advisors to the sellers Mayer Brown, S.C. as advisor to the lender


We represented HSBC, Santander and Actinver, in a club deal secured facility granted to Sports World, to refinance Sports World's debt.

CLIENT:

HSBC
Santander
Actinver

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2020

VALUE:

ND

OTHER FIRMS:

DLA Piper, as Sport World's counsel


We represented TIP de México, in a MXN$400 million loan granted by Nexxus.

CLIENT:

Tip de México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2020

VALUE:

ND

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes, S.C. as counsel to lender.


We represented BBVA, Scotiabank, Santander and HSBC, in connection with the execution of a credit agreement for a principal amount of up to MXN$1,800 million, entered into by and between, Grupo Gigante, as borrower, Office Depot de México, Restaurante Toks and Gigante Grupo Inmobiliario, as guarantors, secured pursuant to the terms of a security trust agreement and a stock pledge agreement; as well as with the amendment and restatement of the terms of certain term loan facility granted to Grupo Gigante, for an amount of up to MXN$4,200 millon, and certain revolving credit facility granted to Grupo Gigante, for an amount of up to MXN$650 million provided that both facilities will also be secured by means of the security trust agreement.

CLIENT:

BBVA
Scotiabank
Santander
SBC

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2020

VALUE:

MXN$6,650 million

OTHER FIRMS:

Jones Day México, S.C., como asesores legales de Grupo Gigante.


We represented Japan International Cooperation Agency, in a USD$100 million loan granted to Energética Nova to fund five solar power plants in Mexico.

CLIENT:

International Finance Corporation
Japan International Cooperation Agency

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

April 2020

VALUE:

USD$100 millones

OTHER FIRMS:

Allen & Overy - Lead counsel to Lender Gonzalez Calvillo, S.C. - Local counsel to borrower Latham & Watkins - Lead counsel to borrower


We represented BBVA Bancomer, in a senior secured loan agreement of USD$470 million granted to Rassini, to refinance existing debt.

CLIENT:

BBVA Bancomer

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

April 2020

VALUE:

USD$470 millones

OTHER FIRMS:

Shearman & Sterling LLP, acted as U.S. counsel to BVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer; DRB Abogados, S.C., acted as mexican counsel to Rassini, S.A.P.I. de C.V.; and Paul Hastings LLP, acted as U.S. counsel to Rassini, S.A.P.I. de C.V.


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