BBVA, SMBC, and Mexican development bank grant $282 million loan for construction and operation of Guadalajara's Subway Line 4

Client(s) BBVA México, S.A. Institución de Banca Múltiple

Jones Day acted as local counsel to a consortium of lenders, led by BBVA México, S.A. Institución de Banca Múltiple as agent, in the structuring and implementation of a US$282.75 million loan facility for Consorcio Tren Ligero Línea 4 Guadalajara, S.A.P.I. de C.V. This loan is earmarked for the financing of the construction and operation of the "Line 4" subway in Guadalajara, Jalisco, Mexico and VAT financing. The Firm also designed and executed the complex collateral structure for the loan, which includes two trusts, ordinary and non-possessory pledges, as well as corporate guarantees provided by the sponsors of the borrower.