Banking and Finance transactions


We represented Torre Diana Trust, as borrower, in a USD$145 million secured loan from Metropolitan Life Insurance Company, secured with the Torre Diana building and rental income. 

CLIENT:

Torre Diana

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

March 2022

VALUE:

USD$145 million

OTHER FIRMS:

Shearman & Sterling LLP, as US counsel of Metropolitan Life Insurance Company. Fried, Frank, Harris, Shriver & Jacobson LLP, as US counsel of Fideicomiso Torre Diana. MexCap Partners, S.C., as finance advisor of Fideicomiso Torre Diana. Mijares Angoitia Cortés y Fuentes, S.C., as local counsel of Metropolitan Life Insurance Company.


We represented Sekura Controladora, in a MXN$650 million syndicated loan from Scotiabank, Sabadell and BanCoppel. The loan will allow the refinancing of Sekura as well as the development and expansion of its corporate group.

CLIENT:

Sekura Controladora

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

March 2022

VALUE:

MXN$650 million

OTHER FIRMS:

Galicia Abogados, S.C., counsel of Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat


We represented Scotiabank Inverlat, Banco J.P. Morgan, Banco Nacional de México, Bank of America Mexico, Barclays Bank, and BBVA Mexico, as lead arrangers and joint bookrunners, in a MXN$20,558 million term loan agreement to América Móvil and Torres Latinoamérica with a travel feature consisting in the assumption by Sitios Latinoamérica of the obligations of América Móvil under the loan upon effectiveness of the spin-off by which Sitios Latinoamérica was created to hold all telecommunication towers of América Móvil in Latin America.

CLIENT:

Scotiabank Inverlat
Banco J.P. Morgan
Banco Nacional de México
Bank of America Mexico
Barclays Bank
BBVA Mexico

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

March 2022

VALUE:

MXN$20,558 million

OTHER FIRMS:

Simpson Thacher & Bartlett LLP, special New York counsel to the Lenders Cleary Gottlieb Steen & Hamilton LLP, special New York counsel to the Borrowers Bufete Robles-Miaja S.C., special Mexican counsel to the Borrowers


We represented PGIM Real Estate, PRUMEX Industrial IV Trust, in a USD$39 million simple loan with Scotiabank for corporate purposes in general.

CLIENT:

PGIM Real Estate
Fideicomiso PRUMEX Industrial IV

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

March 2022

VALUE:

USD$39 million

OTHER FIRMS:

Mayer Brown, external legal counsel to PGIM Real Estate in New York. White & Case, external legal counsel to Scotiabank in Mexico and New York.


We represented Banco Nacional de México, as administrative agent, and the lenders, in the negotiation and execution of a credit agreement to AT&T for the repayment of existing indebtedness and general corporate purposes.

CLIENT:

Banco Nacional de México

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

March 2022

VALUE:

ND

OTHER FIRMS:

Shearman & Sterling LLP - New York counsel for the Agent Galicia Abogados, S.C.- special Mexican counsel for the Borrower


We represented Thor Urbana, in the negotiation and execution of a credit agreement and a VAT credit facility with BBVA to finance the construction of “The Landmark” shopping center in Tijuana.

CLIENT:

Thor Urbana Capital

PRACTICE AREA:

Banking and Finance

Real Estate

CLOSING DATE:

March 2022

VALUE:

ND


We represented BBVA, as sole bookrunner, administrative agent and collateral agent, and Banca Mifel, Scotiabank Inverlat, Bancoppel, Banco del Bajío and BBVA, as lenders, in the refinancing of a syndicated loan of MXN$1,100 million to Grupo Farmacéutico Somar and subsidiaries.

CLIENT:

BBVA Bancomer

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

December 2021

VALUE:

ND

OTHER FIRMS:

Galicia Abogados, como abogados de Grupo Farmacéutico Somar, S.A.P.I. de C.V. (Acreditado)


We represented Scotiabank, BBVA México, Banorte, Banca Afirme and Citibanamex, as lenders, in a MXN$2,270 million credit facility to Promotora Ambiental.

CLIENT:

Scotiabank Inverlat
Banorte
BBVA México
Banca Afirme
Citibanamex

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

December 2021

VALUE:

MXN$2,270 million

OTHER FIRMS:

Villarreal, García Campuzano, Gómez y Fernández, S.C., as Mexican legal advisor of Promotora Ambiental.


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