Banking and Finance transactions


We represented Thor Urbana Capital, in the negotiation of a financing by BBVA and Banorte for the development, construction, and launch of a hotel to be operated under the brand "Ritz-Carlton Reserve Siari", located in the Riviera Nayarit, Mexico.

CLIENT:

Thor Urbana Capital

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

August 2023

VALUE:

ND

OTHER FIRMS:

Creel, García-Cuellar, Aiza y Enriquez - Counsel to BBVA México


We represented The Bank of Nova Scotia, Bank of Montreal and Canadian Bank of Commerce, in the refinancing of an existing USD$150 million credit facility for Orla Mining, amending it to USD$200 million.

CLIENT:

The Bank of Nova Scotia
Bank of Montreal
Canadian Bank of Commerce

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2023

VALUE:

USD$200 million

OTHER FIRMS:

Fasken Martineau DuMoulin, as counsel to lenders. Fennemore Craig, as counsel to lenders. Cassels Brock & Blackwell, as counsel to borrower. Heiras Abogados, as counsel to borrower. Morgan & Morgan, as counsel to borrower.


We represented Bank of America, as Lender, in a USD$125 million sustainability-linked revolving credit facility to Grupo Bimbo, maturing in 2028. 

CLIENT:

Bank of America

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2023

VALUE:

USD$125 million

OTHER FIRMS:

Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel to the Loan Parties. Galicia Abogados, S.C., special Mexican counsel to the Loan Parties. Cleary Gottlieb Steen & Hamilton LLP, special New York counsel to the Lender.


We represented Deutsche Mexico Holdings and Süddeutsche Vermögensverwaltung GmbH, as sellers, in the transfer of all of their shares representing the capital stock of Deutsche Bank México, in favor of Grupo Financiero Citibanamex and Citi GSCP, as purchasers.

CLIENT:

Deutsche Bank

PRACTICE AREA:

Banking and Finance

Mergers and Acquisitions

CLOSING DATE:

July 2023

VALUE:

ND

OTHER FIRMS:

Cleary Gottlieb Steen & Hamilton LLP, advising DB Skadden, Arps, Slate, Meagher & Flom LLP, advising Citi Creel, García-Cuellar, Aiza y Enriquez, S.C., advising Citi White & Case, advising Citi


We represented Scotiabank, as administrative and collateral agent, in the structuring of the third amended and restated credit agreement of a term and revolving credit facilities to Viakem.

CLIENT:

Scotiabank

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

June 2023

VALUE:

ND

OTHER FIRMS:

Galicia Abogados - Mexican counsel to Viakem (Accredited)


We represented Engen Capital, in a loan extension granted by Citibanamex. 

CLIENT:

Engencap Holding
Engencap Fin

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

June 2023

VALUE:

ND

OTHER FIRMS:

White & Case S.C. representando a Banco Nacional de México, S.A., integrante del Grupo Financiero Banamex.


We represented Scotiabank, as administrative agent, and the lenders, in the negotiation and execution of certain credit and guaranty agreement, among Grupo Diagnóstico Aries and Access Medical Laboratories, as borrowers, certain subsidiaries of Grupo Diagnóstico Aries, as guarantors, the lenders party thereto, Scotiabank, as administrative agent, and Glas Americas, as collateral agent, to partially finance the acquisition by Grupo Diagnóstico Aries of Access Medical Laboratories.

CLIENT:

Scotiabank Inverlat

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

June 2023

VALUE:

ND

OTHER FIRMS:

Milbank LLP, special New York counsel to Lenders Creel, García-Cuéllar, Aiza y Enríquez, S.C., special Mexican counsel to the Loan Parties Hughes Hubbard & Reed LLP, special New York counsel to the Loan Parties


We represented Grupo Solufi, in obtaining a loan from AM Partners (Alloy).

CLIENT:

Grupo Solufi

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

May 2023

VALUE:

ND

OTHER FIRMS:

Mayer Brown Mexico S.C. - counsel to AM Partners, S.A. de C.V., SOFOM, E.N.R. (Alloy)


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