Holland & Knight acts for Banco Multiva on $62m loan to Chihuahua state
Holland & Knight has advised Banco Multiva on a 1.18-billion-peso ($62 million) loan to the Mexican state of Chihuahua, as part of a 28-billion-peso ($1.47 billion) financial reorganisation.
The loans were refinanced pursuant to Mexico’s law on financial discipline for federal entities and municipalities.
Banco Multiva, a Mexican financial group, was selected as lender to the state of Chihuahua through competitive bidding processes. Bordering the US, Chihuahua is Mexico’s largest state and home to the Copper Canyon (pictured).
Holland & Knight partner Alejandro Landa Thierry and associate José Luis Villareal represented Banco Multiva in the transaction.
Law firm López-Elías’s partner Pedro López Elías acted as counsel to Chihuahua state.
