Mexico City, May 2, 2018, Santamarina y Steta advised, through Jorge León Orantes, Pablo Laresgoiti and Gabriela Lomelí, Samsonite International, S.A. in terms of Mexican legislation, in the issuance of Eurobonds due in 2026 for an amount of € 350MM and, subsequently, with the funds obtained from that issuance, in the refinancing of certain credit and guarantee agreement signed in 2016 by Samsonite to finance the acquisition of Tumi, Inc.
Santamarina y Steta also advised the subsidiaries of Samsonite in Mexico with the modification and restatement of the package of guarantees that, in 2016, they granted in favor of Samsonite's creditors to guarantee the obligations of Samsonite under said credit.
The deal closed in april 25, 2018
Samsonite was advised internationally by various firms coordinated by Ropes and Gray
The creditors were advised by Sherman & Sterling.