Banking and Finance

Our Firm represents Mexican, international and multilateral banks, as well as other financial intermediaries in secured and unsecured, bilateral and syndicated lending transactions of different levels of complexity involving Mexican obligors or assets. Our steady presence in the market has allowed us to participate in all phases of the credit cycle, including origination in bull markets as well as restructuring in the context of regional or global crises.

We have advised the majority of foreign financial institutions that have established subsidiaries in Mexico, in their authorization processes.

Our firm participated in shaping the new fintech regulation that applies in Mexico and, within the context of this new environment, has steadily advised different institutions and organizations in obtaining licenses for crowd funding, wallet management and money transfers, completing acquisitions within the fintech universe and understanding the generally non-regulated crypto-currency universe.

Our team also advises domestic and foreign banks in regulatory matters and treasury transactions, as well as industry organizations such as ISDA and the Mexican Banking Association in their derivatives transactions in Mexico.

Related professionals


Featured transactions


We represented Bancomext, IFC, and Banobras, in the refinancing of the loan provided to Tuxpan Port Terminal for the operation and maintenance of its port terminal.

CLIENT:

Bancomext
Banobras
IFC

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

September 2023

VALUE:

ND

OTHER FIRMS:

Becker Glyyn - US Counsel to Banks


We represented The Bank of Nova Scotia, Bank of Montreal and Canadian Bank of Commerce, in the refinancing of an existing USD$150 million credit facility for Orla Mining, amending it to USD$200 million.

CLIENT:

The Bank of Nova Scotia
Bank of Montreal
Canadian Bank of Commerce

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2023

VALUE:

USD$200 million

OTHER FIRMS:

Fasken Martineau DuMoulin, as counsel to lenders. Fennemore Craig, as counsel to lenders. Cassels Brock & Blackwell, as counsel to borrower. Heiras Abogados, as counsel to borrower. Morgan & Morgan, as counsel to borrower.


We represented Bank of America, as Lender, in a USD$125 million sustainability-linked revolving credit facility to Grupo Bimbo, maturing in 2028. 

CLIENT:

Bank of America

PRACTICE AREA:

Banking and Finance

CLOSING DATE:

August 2023

VALUE:

USD$125 million

OTHER FIRMS:

Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel to the Loan Parties. Galicia Abogados, S.C., special Mexican counsel to the Loan Parties. Cleary Gottlieb Steen & Hamilton LLP, special New York counsel to the Lender.


We represented Deutsche Mexico Holdings and Süddeutsche Vermögensverwaltung GmbH, as sellers, in the transfer of all of their shares representing the capital stock of Deutsche Bank México, in favor of Grupo Financiero Citibanamex and Citi GSCP, as purchasers.

CLIENT:

Deutsche Bank

PRACTICE AREA:

Banking and Finance

Mergers and Acquisitions

CLOSING DATE:

July 2023

VALUE:

ND

OTHER FIRMS:

Cleary Gottlieb Steen & Hamilton LLP, advising DB Skadden, Arps, Slate, Meagher & Flom LLP, advising Citi Creel, García-Cuellar, Aiza y Enriquez, S.C., advising Citi White & Case, advising Citi


Related Awards


Law Firm of the Year in Banking and Finance

Legal 500

Law Firm of the Year in Mexico

LatinFinance

Corporate Liability Management Deal of the Year: PEMEX

Bonds & Loans

Top Tier Firm

Legal 500

Top Ranked Firm

Chambers Latam

Featured news


04

October 04, 2023

Banking and Finance

LatAm firms help Canada’s Orla Mining refinance loan

Ritch Mueller represented The Bank of Nova Scotia, Bank of Montreal and Canadian Bank of Commerce, in the refinancing of an existing USD$150 million credit facility for Orla Mining, amending it to USD$200 million. Learn more about our experience and professionals of the Banking and Finance...

31

August 31, 2023

Banking and Finance

Grupo Bimbo obtains USD$125 million sustainability-linked loan

Ritch Mueller represented Bank of America, as Lender, in Grupo Bimbo’s USD$125 million sustainability-linked revolving credit facility, maturing in 2028. Read note (subscription site) Other media: Líder Legal (only available in Spanish)...

11

August 11, 2023

Banking and Finance
Mergers and Acquisitions

Citi acquires Deutsche Bank’s Mexican licence as it eyes IPO

Ritch Mueller represented Deutsche Mexico Holdings and Süddeutsche Vermögensverwaltung GmbH, as sellers, in the transfer of all of their shares representing the capital stock of Deutsche Bank México, in favor of Grupo Financiero Citibanamex and Citi GSCP, as purchasers. Read note...

27

June 27, 2023

Banking and Finance

Ritch Mueller and White & Case steer loan extension

Ritch Mueller represented Engen Capital, in a loan extension granted by Citibanamex. Read note (subscription site)...

Events


28

28 February 2023

Ritch Mueller

DMI Decididas Summit 2023

On February 28 and March 1, we participated as sponsors of the DMI Decididas Summit, an event that aimed to promote women's leadership in Latin America, prevent gender violence and boost women's economic growth.  The event brought together 300 leaders from more than 10 countries and 30...

29

29 November 2022

Banking and Finance

Bonds & Loans - Latin America & Caribbean 2022

Bonds & Loans will host the Latin America & Caribbean 2022 event, in which our partner Jean Paul Farah will be speaking in the panel "How can Latin American issuers & borrowers successfully refinance and restructure debt?" The experts will discuss the following topis: What lessons can...

30

30 November 2021

Banking and Finance
Capital Markets

GFC Media Group - Bonds & Loans Latin America & Caribbean 2021

Jean Paul Farah participated as a speaker at the Bonds & Loans Latin America & Caribbean 2021 event. In the panel "Underwriting and syndicating loans in 2022 and beyond: Who is lending, at what price and on what terms?" The panel included the discusion of the following topics:Underwriting...

27

27 June 2019

Banking and Finance

Capital Talks - The Future of Fintech

José Berrueta participated as speaker in the The Future of Fintech conference.The event aimed to promote an exchange of skills, practices and experience between a select group of experts and thought leaders....

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