Representation of Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, and The Bank of Nova Scotia, as lead banks, in connection with a US$326.5 million senior secured acquisition financing for Grupo Industrial Saltillo, S.A.B. de C.V. ("GIS") as borrower. GIS is a Mexican publicly-traded company that designs, manufactures and markets various products for industrial and consumer sectors, including auto parts, flooring, water heaters and kitchenware. The financing consisted of a US$276.5 million term loan facility and a US$50 million revolving credit facility. The proceeds of the term loan facility were used by GIS to finance its acquisition of the Infun Group, a Spanish manufacturer and distributor of automotive components, to pay certain related costs and to repay existing indebtedness.
Representation of Avianca in its export credit-supported financing for more than 58 Airbus aircraft and the restructuring of the ECA-supported fleet of AviancaTaca Holding. The innovative transaction structure for the initial ECA financing was developed by White & Case and involved English, New York and Panamanian laws and was awarded "2008 Debt Deal of the Year — South America" by Jane's Transport Finance magazine.
Representation of BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, as administrative agent, in connection with a senior unsecured US$150 million term loan facility for Frisa Forjados, S.A. de C.V. and Frisa Industrias, S.A. de C.V., as co-borrowers, which was guaranteed by Frisa USA, Inc., a U.S. subsidiary of the borrowers. Frisa is a Mexican manufacturer of an extensive range of alloy and steel products servicing a wide spectrum of industrial markets. BBVA Securities Inc., HSBC Bank USA, National Association, and The Bank of Nova Scotia were the joint lead arrangers and bookrunners.
Representation of Deutsche Bank AG New York Branch as mandated lead arranger and The Bank of Nova Scotia (Panama), S.A. as administrative agent in an up to US$140.6 million receivables purchase facility for the Panamanian branch of a Brazilian construction company intended to finance the design and construction of the expansion of the interception system of the bay sanitation project in Panama City, Panama.
Representation of Aviation Capital Group Corp. as borrower in connection with a US$850 million unsecured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent and a lender and various other lenders, including Citibank, N.A., BNP Paribas and RBC.
Representation of Bank of America, N.A., Banco Itaú BBA S.A., Nassau Branch, HSBC Bank Brasil S.A. – Banco Múltiplo – Grand Cayman Branch, and Banco Santander (Brasil) S.A., Grand Cayman Branch, as lenders, in connection with US$160 million in bilateral term loans to a Brazilian provider of equipment and services to the offshore oil and gas industry.