DLA Piper scores debt refinancing deal for Grupo Sports World
DLA Piper has represented Mexico’s Grupo Sports World on the refinancing of its debt
The debt was contracted with HSBC, Banco Santander and Arrendadora Actinver, and the restructuring agreement reached with the creditors will improve the family fitness club operator’s debt structure and generate financial flexibility in a time of global uncertainty, the law firm said.
“We were pleased to utilise our extensive experience advising leading companies in complex finance transactions to support Grupo Sports World in its refinancing, which will position it well for success in the current business environment,” said DLA Piper partner Xavier Mangino (pictured), who led the firm’s deal team.
In addition to Mangino, the DLA Piper team representing Grupo Sports World included partners Edgar Romo and associates Adolfo Obregon and Javier Pichardini, all of whom are based in the firm’s Mexico City office.
