BBVA Mexico served as administrative agent on a $200 million syndicated revolving credit facility for SSA Holdings Mexico, a port operator in Mexico. BBVA Mexico and Banorte participated as lenders and joint lead arrangers of the transaction and attorneys from Greenberg Traurig’s Mexico City office represented SSA Mexico and SSA Holdings Mexico as borrower.
SSA Mexico is a subsidiary of Carrix, a private port operators present in nine countries, including the U.S., Canada and Mexico, as well as countries in the Caribbean and Central America. Since 1995, SSA has been present in Mexico, where it has developed terminals for automobile, container, cruise and general cargo operations.
SSA Mexico will increase its investments in infrastructure and equipment by 42%, according to a press release.
The Greenberg Traurig team was led by Fernando Orrantia Dworak, infrastructure practice shareholder for the firm, while Ana Acosta Silva, an associate with the firm, advised on the banking and finance side of the transaction.
