News
2023
09
May 09, 2023
Banking and Finance
Familiar firms steer Grupo Bimbo green financing
Ritch Mueller represented BBVA Mexico, as lender, in a USD$275 million revolving loan in favor of Grupo Bimbo. Read article (subscription site) Other media Líder Legal (only available in Spanish) LatinFinance...
03
May 03, 2023
Capital Markets
Mexico makes US$2.9 billion UN development goal offering
Ritch Mueller represented Citigroup, HSBC Securities, Mizuho Securities and Morgan Stanley, as underwriters, in connection with the offering by the United Mexican States of USD$2,941 million of its 6.338% Global Notes due 2053. Read news (subscription site) ...
21
April 21, 2023
Real Estate
Property developer buys industrial assets in Mexico
Ritch Mueller represented Thor Urbana Capital, in the acquisition of an industrial portfolio comprising 11 industrial properties and a land reserve for construction with a surface of approximately 335,000 m2, as well as in the negotiation of a credit agreement to finance the acquisition by...
19
April 19, 2023
Real Estate
Fibra MTY receives cash injection for real estate buy
Ritch Mueller Fibra MTY, in the acquisition of an industrial portfolio comprising 46 properties with a gross leasable area of approximately 882,252 m2 located in 11 Mexican states and land reserve with an area of approximately 882,723 m2, for a value of USD$768 million (including VAT and closing...
18
April 18, 2023
Banking and Finance
Pan American Silver boosts LatAm presence with Yamana Gold buy
Ritch Mueller represented the Bank of Montreal, and certain financial institutions, in an amended and restated credit agreement pursuant to which certain credit facilities to Pan American Silver Corp., were increased for a total principal amount of up to USD$1,250 million. Read note...
13
April 13, 2023
Environmental and Social Impact
Newsflash - Proposal to amend the Mining Law and Environmental Laws
On March 24, 2023, the Federal Executive Branch submitted before the Deputies Chamber, the proposal to amend the Mining Law, the National Water Law, the General Law on Ecological Balance and Environment Protection and the General Law on Waste Prevention and Comprehensive Management, which was...
12
April 12, 2023
Mergers and Acquisitions
US energy equipment company consolidates in LatAm
Ritch Mueller represented Chart Industries, in the acquisition of Howden, a provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners. Read note (subscription site)...
11
April 11, 2023
Capital Markets
Mexican firms steer Fibra E IPO and asset reorganisation
Ritch Mueller represented Mexico Infrastructure Partners (EXI), in the structuring of a new Fibra-E named Fibra Social (FSocial 23), as well as Fibra Social in the issuance of MXN $6,088 million CBFEs, placed in the Mexican Stock Exchange through an initial public offering and distribution to...
05
April 05, 2023
Banking and Finance
Grupo Bimbo expands green loan to US$1.9 billion
Ritch Mueller represented BBVA, as administrative agent and the lenders, in the refinancing of Grupo Bimbo's USD$1,935 millon revolving loan. Read note (subscription site) ...
23
March 23, 2023
Banking and Finance
Newsflash - Amendments to Circular 4/2012 from Banco de México (Initial and Variation Margins)
On March 14, 2023, Banco de México(1) published Circular 2/2023 in the Official Gazette of the Federation, whereby Circular 4/2012, containing the Regulations of Derivative Transactions (hereinafter the "Rules"), was amended. The amendments mainly incorporate the obligation of Mexican banks...
