Banco Santander provides US$250 million loan to GMéxico Transportes
Clients Banco Santander, S.A.
Jones Day represented Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (“Santander”) in connection with a Loan Agreement for the amount of US$250 million, entered between Santander as lender and GMéxico Transportes, S.A. de C.V. ("GMexico Transportes"), as borrower and Ferrosur, S.A. de C.V., as joint obligor. GMexico Transportes is the largest railroad company in Mexico. The financing will be used for the acquisition of Florida East Coast Holdings Corp. ("FEC"), working capital and capitalization, and refinancing of FEC debt.