Banking and Finance transactions


We represented The Bank of Nova Scotia, as administrative agent, in a credit facility of USD$200 million to Grupo Lamosa for the financing of certain acquisition.

CLIENT:

The Bank of Nova Scotia

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2021

VALUE:

ND

OTHER FIRMS:

Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel to the Borrower. Galicia Abogados, S.C., special Mexican counsel of the Borrower. Milbank LLP, special New York counsel to the Administrative Agent and the Joint Arranger.


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 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 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


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.


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 Banco Nacional de México, as administrative agent and collateral agent and Banco Nacional de México, BBVA Bancomer and HSBC México, as lenders and lead arrangers, in a syndicated loan of MXN$857 million to The American British Cowdray, secured by a mortage, to refinance existing debt. 

CLIENT:

HBSC México
BBVA Bancomer
Banco Nacional de México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

July 2021

VALUE:

MXN$857 million

OTHER FIRMS:

N/A


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