New York - Paul Hastings LLP, a leading global law firm, announced that it represented Citigroup Global Markets Inc. as a joint lead arranger and book-runner, and other global banks, in a $400 million revolving credit facility extended to Elementia, S.A.B. de C.V. Paul Hastings LLP also represented Citibanamex as administrative agent and the lenders under the facility, consisting of Citibanamex, SMBC, The Bank of Nova Scotia, BBVA, BNP Paribas, ING and MUFG. Elementia is a major manufacturer of semi-finished copper, alloy, fiber cement, cement, and plastic products, with over 6,000 employees and operations in Mexico, the United States and throughout Central and South America. Elementia is the largest fiber cement producer in Latin America and the second largest in the United States. Elementia will use the proceeds of the $400 million credit facility for general corporate purposes, including cash management and the financing of possible future acquisitions.
Latin America partners Michael Fitzgerald, Joy Gallup, Steven Sandretto, associates Eduardo Gonzalez and Hannah Kropp and foreign associate Diego Ostos led the Paul Hastings team, which also included tax partner Andrew Short and tax associate Stephen Grace.
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