GT Law assists HSBC in $115m club deal to Kloeckner Mexico
Greenberg Traurig has assisted HSBC México in a USD $115 million club deal revolving credit facility, led by HSBC Mexico as structuring and monitoring agent, and Klöeckner Metal Service Center de México (Kloeckner Mexico) as borrower.
This financing will enable Kloeckner Mexico to cover its working capital needs following its 2023 purchase of National Material of Mexico (NMM), a supplier of materials to the automotive and industrial industry in North America.
Kloeckner Mexico is part of Kloeckner Metals Corporation, a U.S.-based company and a world leader in the distribution of steel and metal products. Kloeckner Metals Corporation is a subsidiary of Kloeckner & Co. SE, headquartered in Duisburg, Germany.
Basham Ringe y Correa advised Kloeckner with a team comprising partner Juan C. Serra and associate Pablo Nosti.
GT Law’s team was led by shareholders Fernando Orrantia Dworak (pictured left) in the Mexico City office and Oscar Stephens (pictured right) in the New York office. Associates Susana Doen Castillo from the Mexico City office and Christina A. Revilla Chacon in the New York office provided key support.
