Nemak Enters into New Club Loan Following IPO
NEW YORK—Paul Hastings LLP, a leading global law firm, represented Nemak, S.A.B. de C.V., one of the largest global independent manufacturers of high-tech, complex aluminum components for the automotive industry, in a US$300 million term loan facility. The facility was provided by a syndicate of banks, with BBVA Bancomer, Banamex, Banco Santander, The Bank of Nova Scotia, The Bank of Tokyo-Mitsubishi UFJ and Export Development Canada as joint lead arrangers. The proceeds will be used to refinance existing indebtedness and for other general corporate purposes. Paul Hastings has previously advised Nemak on a number of transactions, including its IPO earlier this year.
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