MIAMI - Dec. 18, 2017 - Greenberg Traurig ("GT") represented Elementia, S.A.B. de C.V. (BMV: ELEMENT) ("the Company" or "Elementia"), a Mexican producer and seller of building materials for the construction sector, in connection with three separate financing transactions undertaken by the Company as part of its strategy to strengthen its financial position. Elementia will use the proceeds from the financings in part to repay its existing debt obligations.
The latest of these financing transactions, a MXN$925 million guaranteed loan made by Citibanamex, was signed on November 30th and disbursed entirely on December 5th.
In September of this year, GT represented Elementia as counsel in a MXN$3,772.90 million syndicated credit facility administered by Banco Nacional de Comercio Exterior, the Mexican export-import bank. Prior to that, GT advised Elementia in a MXN$1,900 million syndicated credit facility led by Scotiabank Inverlat S.A. Each of these financings was conducted under Mexican law and guaranteed by the borrower’s main Mexican operating subsidiaries.
The GT Team representing Elementia was spearheaded by Corporate Shareholders Emilio J. Alvarez-Farré (Miami) and Carlos R. Garduño (Mexico City), with assistance provided from Corporate Associates Juan Delgado (Miami) and Luis Cortes (Mexico City).
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