Daily News: December 13, 2013

Hastings Represents Tenedora in $465M Financing

Paul Hastings announced that it represented Tenedora Nemak, S.A. de C.V., in a $465 million senior unsecured loan from BBVA Securities, Citigroup Global Markets, HSBC Securities, Santander Investment Securities and Citibank.

Proceeds were used to refinance existing indebtedness and consolidate a number of outstanding credit facilities.

Latin America partners Michael Fitzgerald and Joy Gallup led the Paul Hastings team, which also included associate Veronica Rodriguez and international associate Pedro Vasconcellos.

Tenedora Nemak, S.A. de C.V. is a Mexico-based holding company engaged primarily in the production of aluminum engine blocks, cylinder heads and transmission components.