Monterrey – Nuevo León, June 27th, 2018 .- Santamarina y Steta Monterrey’s Office advised, through its  partner Carlos Arguelles and associates Bárbara Asiain and Lisa Carral Flores, Grupo Industrial Saltillo, S.A.B. de C.V. ("GIS") and acted as lead counsel in the negotiation and execution of a syndicated loan facility of up to USD $300,000,000 dollars.

The financing is subject to New York laws with corporate guaranties in Mexico and pledges over stock of subsidiaries in Spain. The transaction required close cooperation with advisors and legal counsel in Mexico, Spain and New York. Cuatrecasas Gonçalves Pereira assisted as Spanish counsel to GIS. Paul Hastings acted as New York counsel to the lenders, Mijares Angoitia Cortés y Fuentes, S.C., as Mexican counsel to the lenders and Gómez Acebo y Pombo, as Spanish counsel to the lenders.

Citibank acted as lead financing lender and agent and HSBC as collateral agent.

The loans obtained from the credit facility will be used by GIS to refinance their existing syndicated loan and prepay the deferred purchase price from the acquisition of Infun Group on December 2016. The syndicated loan involved 10 different banking institutions and will allow GIS to continue their globalization and growth strategies.

The transaction was completed on June 18, 2018.