GT Law represents CAS and Aldesa in $238.7m refinancing
Greenberg Traurig, through its Mexico City office, has represented Concesionaria de Autopistas del Sureste (CAS) and Aldesa, a construction group based in Mexico and Spain, in connection with a refinancing of approximately $4.6 billion Mexican pesos (USD $238.7 million).
The transaction was carried out through a bond bridge structure and in the subsequent debt tap for MX $5.2 billion (USD $269.8 million) represented by long term trust-bonds denominated in inflation-linked units, with Banco Santander acting as under.
CAS is a special purpose vehicle incorporated by Ainda, a Mexican private equity fund focused on the energy and infrastructure sectors in Mexico. CAS operates and maintains two highways in the state of Chiapas, Mexico: Arriaga-Ocozocoautla, 93 kilometres long, and Tuxtla Gutierrez-San Cristobal de las Casas, 46.5 kilometres long.
GT Law’s team was led by shareholder José Antonio Butrón Quintero (pictured), with support from of counsel Gabriela Palomino and associate Luis Torres.
