Finance

Corporations and banks wishing to finance new and existing ventures, operations, assets, exports and projects in Mexico have a variety of financial vehicles and structures available to them under Mexican law.

Solcargo advises public and private companies, developers and individuals as well as commercial banks, Export Credit Agencies (ECAs), development banks, and other financial institutions with respect to their financial activities in Mexico, including:

  • Cross-border credit and loan agreements, security instruments, and guarantees under Mexican law
  • Cross-border project and structured finance for banks, developers and sponsors
  • Infrastructure project financing, including direct financing, credit agreements, syndicated loan agreements and guarantee trusts
  • Syndicated loan agreements and debt restructuring
  • Export finance, including short-, medium-, and long-term seller financing and guarantee arrangements
  • Cross-border asset finance and securitization
  • Revolving asset and inventory-based financing
  • Structuring and implementing a Mexican collateral package of cross-border bank financing, including, pledges, mortgages, and trusts
  • Leveraged buyouts
  • Financial leasing
  • Securitization of assets
  • Structured Finance
  • Mexican securities regulations, including structuring and implementing public offerings as well as corporate governance under the Mexican securities law.
  • Regulatory and compliance issues under Mexican banking and securities laws
  • Financial due diligence

Representative clients and deals 

Recently, Solcargo has advised and represented numerous major financial institutions from Mexico, the United States and Canada including:

  • OPIC (Overseas Private Investment Corp) in securing the Mexican portion of a US$90 million asset finance transaction. The debtor was a US equipment manufacturer with significant Mexican exports, and OPIC called on Solcargo to structure and prepare all Mexican security instruments and guarantees granted in favor of the lender, including pledge agreements, assignment of receivables under equipment lease agreements and an industrial mortgage.
  • Fideicomisos Instituidos en Relación a la Agricultura (FIRA) in structuring financing to producers through a special purpose vehicle with the participations of corporations such as Grupo La Moderna, Red Chambers, Inc., Aarfs, A.C. and others.
  • The State of Guanajuato, advising it in the structure and financing of the Interurban  Rapid Train Project which is worth US$ 1 Billion.                 
  • Fitch Ratings in the legal analysis for purposes of the final rating of several structured debt issues of different companies
  • such as TV Azteca, Tribasa, Spyra de México, Unifin and others.
  • US Bank Corp. in structuring a floating pledge over inventory and receivables of the Mexican subsidiary of the borrower to secure a multi-million-dollar loan.
  • California Bank and Trust in structuring a
  • US$14 million loan and Security Agreement secured, in part, by a floating pledge based on asset lending operations in Mexico.
  • PNC Bank in structuring a cross border US$15 million loan secured by a floating lien based on eligible receivables and inventory of the Mexican debtor.
  • National Bank of Canada in structuring a US$3 million cross-border loan guaranteed with eligible receivables and inventory using the new pledge without transfer of possession.
  •  Capital Business Credit, a Division of Capital Factor Inc., in structuring a third party guarantee obligation to secure part of a US$12 million loan with assets of the Mexican subsidiary of the borrower.
  • Solomon Smith Barney
  • GMAC
  • Rabobank in structuring different loans 
  • Applied Capital, in structuring cross border loans.

Useful government sites: