Greenberg Traurig Mexico Advises Banco Azteca in Syndicated Loan for Public-Private Partnership Project
Attorneys from global law firm Greenberg Traurig's Mexico City Office advised Banco Azteca (BAZ) in a syndicated loan to Conservadora Mexiquense de Caminos del Sur (Conservadora) for the rehabilitation and conservation of 1,637 kilometers of roads and highways in the State of Mexico through a Public Private Partnership (PPP).
MEXICO CITY, July 6, 2022 /PRNewswire-PRWeb/ -- Attorneys from global law firm Greenberg Traurig's Mexico City Office advised Banco Azteca (BAZ) in a syndicated loan to Conservadora Mexiquense de Caminos del Sur (Conservadora) for the rehabilitation and conservation of 1,637 kilometers of roads and highways in the State of Mexico through a Public Private Partnership (PPP).
The loan, for MXN$4.47 billion pesos (approximately USD$224 million), is divided into several tranches. Conservadora is to receive payments under the PPP by the State of Mexico for the execution of the rehabilitation project. The loan's collateral package includes a percentage of the resources that the State of Mexico receives from Tax on Expenditures for Remuneration for Personal Work (Impuesto Sobre Erogaciones al Trabajo Personal (ISRTP)).
The Greenberg Traurig team advising BAZ was led by Infrastructure and Finance Shareholder Rodrigo Orozco Waters and Associate Edgar Fernando Orozco Ceballos. Orozco Waters mentioned in a statement "The Mexican market has seen a slowdown in PPP structures in recent years, we are pleased to advice Banco Azteca in the financing of this strategic project".
About Greenberg Traurig's Mexico City Office: Greenberg Traurig's Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm's global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm's award-winning Latin America Practice, and has been recognized with leading competition, corporate, M&A, compliance, infrastructure, real estate, privacy, energy, administrative litigation, and banking practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: http://www.gtlaw.com.
Media Contact
Elaine Walker, Greenberg Traurig, LLP, 3055790832, [email protected]
SOURCE Greenberg Traurig, LLP
Share this article