Altos Hornos de México’s $575 Million Refinancing


Mayer Brown, Willkie Farr & Gallagher and Ritch, Mueller, Heather y Nicolau advised on the deal

Altos Hornos de México (AHMSA) secured a $575 million refinancing from Cargill Financial Services International.

The financing was structurated as a $475 loan and $100 million credit facility.

Altos Hornos de Mexico SA de CV manufactures steel products. The Company, led by Alonso Ancira, sells and markets flat steel products such as hot and cold rolled coil and tinplate. In 2018 the company recorded $3.484 billion revenues.

Cargill Financial Services Corporation provides security brokerage services. It trades in stocks, bonds, currencies, commodities and other financial instruments.

Mayer Brown advised Cargill Financial Services International with a team including Douglas A. Doetsch (Picture), Debora De Hoyos, Maria Alevras-Chen and Jessica Solís Carrillo, Ariel Ramos, Raúl Fernández-Briseño, Jan Boker, Lilia Alonzo, Aldo A. Jáuregui and Javier Garibay.

Willkie Farr & Gallagher advised Altos Hornos de México, S.A.B. de C.V. with Jeffrey Goldfarb, Maurice Lefkort, Tiago Silva, Maritza Leon Jimenez, David Blassberger and Kevin Tarsa.

In Mexico, Ritch, Mueller, Heather y Nicolau advised Altos Hornos de México, S.A.B. de C.V. with Luis Nicolau Gutiérrez, Leopoldo Fragoso and Luis Alonso Suárez del Real Tostado.

Involved fees earner: Maria Alevras-Chen – Mayer & Brown; Lilia Alonzo – Mayer & Brown; Jan Boker – Mayer & Brown; Debora de Hoyos – Mayer & Brown; Douglas Doetsch – Mayer & Brown; Raúl Fernández-Briseño – Mayer & Brown; Javier Garibay – Mayer & Brown; Aldo Jáuregui – Mayer & Brown; Ariel Ramos – Mayer & Brown; Jessica Solis Carrillo – Mayer & Brown; Leopoldo Fragoso Montes – Ritch, Mueller, Heather y Nicolau, SC; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Luis Alonso Suárez del Real Tostado – Ritch, Mueller, Heather y Nicolau, SC; David Blassberger – Willkie Farr & Gallagher; Jeffrey Goldfarb – Willkie Farr & Gallagher; Maurice Lefkort – Willkie Farr & Gallagher; Tiago Silva – Willkie Farr & Gallagher; Kevin Tarsa – Willkie Farr & Gallagher;

Law Firms: Mayer & Brown; Ritch, Mueller, Heather y Nicolau, SC; Willkie Farr & Gallagher;

Clients: Altos Hornos de México; Cargill Financial Services Corporation;

Author: Ambrogio Visconti