We advised Red de Carreteras de Occidente in the negotiation and execution of a senior term loan agreement with Banco Santander México as lender, for an amount of up to MXN2bn which use of proceeds will be for capital expenditures (Capex).

The execution of the Loan occurs in the context of the recent refinancing carried out by RCO through the first reopening of the issuance of notes identified with ticker “RCO 18U” and the issuance of notes identified with ticker “RCO 19” for nearly MXN10bn and the prepayment of the loans for capital expenditures that RCO had entered into with Santander in 2016 and 2017, for an aggregate principal amount of MXN3.6 bn.

This loan is secured by the existing collateral granted by RCO to all its senior lenders, under a certain common terms angreemetn and an intercreditor agreement.