Banking and Finance

Our Firm represents Mexican, international and multilateral banks, as well as other financial intermediaries in secured and unsecured, bilateral and syndicated lending transactions of different levels of complexity involving Mexican obligors or assets. Our steady presence in the market has allowed us to participate in all phases of the credit cycle, including origination in bull markets as well as restructuring in the context of regional or global crises.

We have advised the majority of foreign financial institutions that have established subsidiaries in Mexico, in their authorization processes.

Our team also advises domestic and foreign banks in regulatory matters and treasury transactions, as well as industry organizations such as ISDA and the Mexican Banking Association in their derivatives transactions in Mexico.

Related professionals


Featured transactions


We represented Credit Suisse and other lenders in connection with an unsecured credit agreement granted to Crédito Real and Marevalley Corporation, as borrowers, for an amount of USD$110 million.

CLIENT:

Credit Suisse

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

February 2020

VALUE:

USD$110 million

OTHER FIRMS:

Skadden - As NY Counsel to the Administrative Agent and the Lenders. DLA Piper - As NY Counsel to the Borrowers. DLA Piper Mexico - As Mexican Counsel to the Borrowers.


We represented BBVA Bancomer y HSBC Securities (USA), as global coordinators, in a USD$500 million syndicated term credit facility in favor of Fibra Uno.

CLIENT:

BBVA Bancomer
HSBC Securities USA

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

December 2019

VALUE:

USD$500 millones


We represented Banco Santander, BBVA Bancomer, Sumitomo Mitsui Banking Corporation; Credit Agricole Corporate & Investment Banking; MUFG Bank México, Banco Nacional de Obras y Servicios Públicos, Nacional Financiera, Banco Nacional de Comercio Exterior, Banco Inbursa, Grupo Financiero Inbursa, CaixaBank, GE Capital EFS Financing and HSBC México, in connection to refanincing of a USD$364.98 million Senior Financing with TAG Norte Holding, as borrower and TAG Pipelines Norte, as joint obligor, for the development, construction and operation of a gas pipeline of 42" diameter and an approximate length of 454 kilometers from Ramones, Nuevo León to a site located approximately 60 kilometers from San Luis Potosí, San Luis Potosí known as “Ramones Norte”.

CLIENT:

Banco Santander (México)
BBVA Bancomer
Sumitomo Mitsui Banking Corporation
Credit Agricole Corporate & Investment Banking MUFG Bank México
Banco Nacional de Obras y Servicios Públicos Nacional Financiera
Banco Nacional de Comercio Exterior
Banco Inbursa
CaixaBank
GE Capital EFS Financing
HSBC México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

December 2019

VALUE:

USD$364 millones


We represented BBVA Bancomer, as agent, in a MXN$8,811 million syndicated credit facility granted to the Comisión Federal de Electricidad, for the refinancing of financed public works (OPF) under Pidiregas.

CLIENT:

BBVA Bancomer

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

October 2019

VALUE:

MXN$8,811 millones


Related Awards


Law Firm of the Year

LatinFinance

Top Ranked Firm in Banking and Finance

Chambers Global

Client Service Award in Banking and Finance

Chambers Latin America

Top Tier Firm in Banking and Finance

IFLR1000

Top Ranked firm in International & Cross-Border Capabilities

Chambers Global

Featured news


07

April 07, 2020

Banking and Finance

Newsflash - Administrative order to terminate public trusts, public mandates and similar instruments

On Thursday, April 2, 2020, Andrés Manuel López Obrador, President of the United Mexican States, ordered the publication in the Official Federal Gazette (“DOF”) of a decree directing the termination of public trusts (but only in respect of public trusts that do not have...

03

April 03, 2020

Banking and Finance

Newsflash - COVID-19 CNBV | Recommendation regarding the payment of dividends, repurchase of shares and other benefits of stockholders of banking institutions

With the purpose of strengthening banking institutions in Mexico, on March 31, 2020, the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“CNBV”), issued a recommendation so that such institutions abstain from paying dividends, repurchasing...

03

April 03, 2020

Banking and Finance

Newsflash - CNBV issues special accounting treatment for banks

On March 25, 2020, in an effort to mitigate the economic effects of the COVID-19 health contingency and in response to requests made by financial institutions in Mexico, the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“CNBV”), issued...

02

April 02, 2020

Banking and Finance

Newsflash - COVID-19 – Declaration of Sanitary Emergency due to Force Majeure

On March 30, 2020, the National Health Council published a decree in the Official Federal Gazette (the “DOF”) pursuant to which it declared the epidemic generated by the COVID-19 disease as a state of sanitary emergency due to force majeure and authorized the Ministry of Health to...

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