Cases & Deals

International Textile secures term loan and factoring facility for Mexican subsidiaries in connection with restructuring

Client(s) International Textile Group, Inc.

Jones Day represented International Textile Group, Inc. ("ITG"), a provider of global textile solutions and distinguished fabric brands to automotive, apparel, interior furnishing, and industrial markets worldwide, in connection with the $34 million term loan and a factoring facility for certain of its Mexican subsidiaries provided by Banco Nacional de México, S.A., Institución de Banca Múltiple (Banamex). The transactions were part of the group's financing restructuring.