Skadden acts on new Orbia credit facility
Skadden Arps Slate Meagher & Flom has advised the banks on the underwriting of Orbia Advance Corporation’s new USD $1.4 billion revolving credit facility, with a 5-year maturity. Ritch Mueller advised the banks locally.
The terms of the facility are in line with its investment grade ratings, considering Standard & Poor’s Ratings (‘BBB-‘, global scale, and ‘mxAA/mxA-1+’, national scale), Fitch Ratings (‘BBB’, global scale, and ‘AAA ‘ national scale) and Moody’s Ratings (‘Baa3’, global scale).
White & Case, and Davis Polk & Wardwell acted as counsels for Orbia in Mexico and New York, respectively.
BBVA México, Banco Nacional de México, Bank of America, JP Morgan, BNP Paribas, Mizuho Bank, MUFG Bank, Santander México, Scotiabank Inverlat, Barclays, Morgan Stanley and BanCoppel acted as the lender banks.
Ritch Mueller’s team comprised partner Pablo Perezalonso Eguía and associates Carolina Sánchez Pérez and María Fernanda Ibargüengoitia Lira.
Skadden’s team consisted of partner Alejandro González Lazzeri (pictured), counsel José Nicolás Pérez-Sierra, associate José Pablo Buenfil and international visiting professional Rodrigo Carmona. Partner Nazmiye Anna Gökçebay and associate Travis Nix advised on tax matters. All of the lawyers are based in New York.
