Baker McKenzie LLP has continued to develop its standing in restructurings, bank loans and direct lending. The Latin America team, with its now established New York group led by the eminent Michael Fitzgerald, has a major presence in credit facilities and restructurings in Mexico, including Chapter 11 filings. The US-based group has close connections to banks and direct lenders, although it is now working with a growing number of regional corporates thanks to its collaborative efforts with the firm’s Latin American offices. ESG and sustainability-linked loans also continue to be a strength for the team. It has an especially notable record in the real estate sector, especially in Mexico. Along with Mexico, the team is also active in the Colombia, Brazil, Argentina and Peru markets, among others. Joy Gallup is noted for cross-border debt restructurings and liability management exercises, along with Arturo Carrillo. Steven Sandretto plays a pivotal role on Brazil financings. Named individuals are all based in New York.
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Key clients
- Bank of America, Citibank, JP Morgan, Santander
- Credivalores
- Energía Renovable de la Península
- Industrias Unidas
- ResponsAbility Sustainable Food – Latam
Work highlights
Representing Credivalores in connection with amendments, restatements and waivers to a $50m credit agreement of Patrimonio Autónomo, Credivalores and UBS Gramercy, guaranteed by Credivalores; the amendments and waivers are a critical component for the company's Chapter 11 prepackaged restructuring of Credivalores's outstanding international bonds.
Represented Energía Renovable de la Península, a Mexican borrower, in connection with a $200m credit facility as part of the financing of a wind farm in the province of Yucatan, Mexico.
Represented investment fund ResponsAbility Sustainable Food – Latam I, in connection with a senior secured term loan to Colombian fruit company, FLP Global.
Practice head
Michael Fitzgerald