Attorneys from global law firm Greenberg Traurig in Mexico City advised BBVA Mexico in its roles as administrative agent, collateral agent, structuring agent and sole bookrunner, as well as a syndicate of 11 financial institutions and entities acting as lenders, in connection with a syndicated credit facility totaling up to MXN$6.6 billion (approximately USD$351 million) granted to Fibra Shop.
The facility will be used to refinance existing debt related to the construction and development of multiple shopping centers owned and operated by Fibra Shop, a Mexican real estate investment trust specializing in the acquisition, development and management of shopping centers.
The transaction utilizes a syndicated loan secured by several properties and the cash flows generated by those assets as collateral. The structure provides enhanced security for the lenders and offers Fibra Shop flexible refinancing terms, supporting its ongoing growth and development strategy in the Mexican retail sector.
The Greenberg Traurig team advising on this transaction was led by shareholder Miguel A. Moisés, with key support from associates Paulina García de León, Francisco De Rosenzweig and Joaquín García Pimentel Borja.
