MEXICO CITY – October 31, 2023 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented BBVA, Banorte and Scotiabank banks in setting up a USD $490 million five-year “club deal” loan, for Vitro, a leading glass manufacturing company in Mexico.
Vitro will use the proceeds to prepay all of its short-term debt and a portion of its long-term debt. This transaction allows Vitro to extend the average maturity of its debt while keeping its short-term credit lines freed up.
The Greenberg Traurig team was led by Shareholder David Argueta, and Associate Rodolfo Flores.