Cases & Deals

Bancomext provides financing to Optimum Turbine Manufacture, S.A.P.I. de C.V.

Client(s) Banco Nacional de Comercio Exterior, S.N.C., I.B.D.

Jones Day represented Banco Nacional de Comercio Exterior, S.N.C., I.B.D. (Bancomext) in the structuring, documentation, and implementation of a loan that will be granted to Optimum Turbine Manufacture, S.A.P.I. de C.V.: (i) for an amount of up to US$6.247 million or its equivalent in national currency, to finance the acquisition of machinery and equipment, in which Bancomext will participate with 53.3% of loan and Unifin Financiera, S.A.B. de C.V. will participate with 22% of the loan; and (ii) for an amount of up to US$1 million, or its equivalent in national currency, to support the borrower's working capital needs for production, import of supplies, inventories, and forward sales; as well as for the payment of liabilities with bank creditors, the payment of financial and pure leases, among other liabilities with various creditors.