Shearman & Sterling advised BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, as administrative agent and sole lead arranger and bookrunner, on the $470 million refinancing of a credit facility for Mexican automotive company Rassini. The transaction involved a multi-tranche term facility with a revolver and was a refinancing of a recently closed facility in 2018. The refinanced facility was secured by local collateral in Mexico.

The team was supported by attorney Ranbir Chowdhary.

The Team