Jones Day-led loan deal recognized among best in Latin America
Global Banking & Markets has recognized a Jones Day-led deal as "Local Currency Loan Deal of the Year in Latin America" as part of its annual Global Banking & Markets Awards: Latin America for 2024. The awards recognize "the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers."
Jones Day acted on behalf of 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. The 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. The deal was led by Alberto De la Parra and Carlos Sámano.
Jones Day is a leading global law firm that serves the Latin American region through its offices in Mexico City and São Paulo, along with attorneys based in key business and legal centers such as New York, Houston, Dallas, Miami, and Madrid. Jones Day's Latin American experience extends to mergers and acquisitions, investigations and anti-corruption, projects and infrastructure, banking and finance, energy, dispute resolution, business restructuring, private equity, and capital markets.
