Ritch Mueller advises on Solufi and Fexi deals
Ritch Mueller advised on two separate Mexican financing transactions closed in June 2026, involving a term loan for a vehicle-leasing originator and a follow-on securities offering by an energy and infrastructure investment trust.
Ritch Mueller represented Grupo Solufi, acting as originator and administrator, in a MXN$350 million term loan granted by Banco Ve por Más to an administration and payment-source trust managed by Solufi. The credit is secured by receivables arising from vehicle lease agreements. The transaction closed on June 17, 2026.
The Ritch Mueller team was led by Eric Silberstein Lerner (pictured), Partner, with support from Ximena Castro Pardo.
Ritch Mueller also represented Fexi in a follow-on offering of energy and infrastructure investment trust certificates (CBFEs) for MXN$4,299 million, approximately US$247 million, structured through a public offering in Mexico combined with an international offering under Rule 144A and Regulation S of the U.S. Securities Act of 1933. Goldman Sachs México, Merrill Lynch México and Casa de Bolsa BBVA México acted as Mexican underwriters, while Goldman Sachs and BofA Securities served as initial purchasers on the international tranche. The offering closed on June 8, 2026.
The net proceeds were used to prepay financing previously obtained from Goldman Sachs for the acquisition of the Salamanca–León toll road, completed in April 2026.
The Ritch Mueller team was led by Gabriel del Valle Mendiola, Partner, together with Ada Paulina Castillo Rodríguez, Emilio Yrizar Llaca, Juan Ignacio Cerdá Rebora, Luis Miguel Posadas Yáñez and Pablo De Arrigunaga López. Cervantes Abogados and Milbank acted as counsel to the issuer, while Creel and Simpson Thacher advised the underwriters.
