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Lenders Close Bank Financing for New International Airport in Mexico City

October 08, 2015

New York, NY – Paul Hastings LLP, a leading global law firm, represented the global coordinators, administrative agent and lenders in a $3 billion bank financing for the new International Airport in Mexico City, which is being built to replace the existing Benito Juarez International Airport. Paul Hastings’ clients, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC acted as global coordinators of the loan, and will be lead arrangers for the bond financing that is expected to follow to provide additional financing needed for this airport project. This is a project of global magnitude as this new airport is expected to be an exemplary model for the leading airports around the globe.

Paul Hastings partner Robert Kartheiser says, “This historic financing represents a key step in financing the 3rd busiest airport in the world. Among the numerous challenges involved in putting together such a large structured financing with various potential creditor groups was keeping an eye on the future financing needs of the airport. There is a “pre-baked” intercreditor agreement that is part of this financing agreement and will allow up to $3 billion of bonds the airport intends to issue to share in the same collateral pool of airport passenger use fees.”

Latin America practice partners Robert Kartheiser and Mike Fitzgerald led the Paul Hastings team, which also included of counsel Elicia Ling and associates Thomas Sines and Yana Lantsberg.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.