Hogan Lovells Mexico City and New York offices combine to advise Banco Santander on a US$110m master receivables agreement

Press releases | 14 January 2020

Mexico City, New York, 14 January 2020 - Lawyers from the Mexico City and New York offices of Hogan Lovells advised Banco Santander on a US$110m master receivables factoring agreement with Vitro, SAB de CV and certain subsidiaries ("Vitro").

In the report on the Mexican Stock Exchange, Vitro announced that it intends to prepay part of its syndicated loans with some of the proceeds, with the overall aim of improving the financial costs of Vitro and its capital structure.

The cross-border team was led by partner Federico de Noriega (Banking, Mexico City) supported by partners Ricardo Martínez (Banking, New York) and Emil Arca (International Debt Capital Markets, New York), senior associates Aldonza Sakar (Banking, Mexico City) and Andrew Ceppos (IDCM, New York), and associates Juan Lizardi (Banking, Mexico), Chris Bonilla (Banking, New York) and Cassandra Herivaux (Banking, New York).