SMPS Legal advised a Mexican family office on the refinancing of a US$80.24 million syndicated credit facility, originally led by BBVA and refinanced by Banamex, in connection with Torre Chapultepec UNO, one of Mexico City's landmark mixed-use developments.
The refinancing optimized the project's capital structure through the negotiation of improved financing terms and the implementation of a new security package aligned with the client's strategic and financial objectives.
SMPS Legal advised on the negotiation of the credit agreement, the structuring of the security package in favor of Banamex, and the release of the existing security granted in favor of BBVA, ensuring a seamless transition between both financing structures. The transaction required close coordination among all parties involved to preserve the continuity of the project while strengthening its long-term financial position.
The SMPS Legal team was led by Eduardo Pizarro Suárez (Partner) and Andrés González (Senior Associate).
Rivera Belden, Torres & García Sánchez acted as counsel to the lender. The team was led by Guillermo Rivera Belden (Partner) and Amelia Bosque (Associate).