Grupo Gigante obtains MXN$4.2 billion credit facility

Client(s) Grupo Gigante, S.A.B. de C.V.

Jones Day represented Grupo Gigante, S.A.B. de C.V. (“Gigante”), as borrower, in connection with a MXN$4.2 billion (US$236.6 million) syndicated credit facility with BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, as lender and administrative agent, and Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat, and Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander, as lenders. The proceeds of the facility were used to refinance existing indebtedness.

Gigante is a large Mexican conglomerate with operations in specialized retail, casual dining restaurants, and real estate.