Banco Multiva’s $60 Million Loan to Mexican State of Chihuahua

Holland & Knight advised Banco Multiva on the deal.

Banco Multiva issued a MXN$1.18 billion (US$62 million) loan to the Mexican state of Chihuahua, as part of a MXN$28 billion (US$1.47 billion) financial reorganization.

The loans were refinanced pursuant to Mexico’s law on financial discipline for federal entities and municipalities (Ley de Disciplina Financiera de las Entidades Federativas y los Municipios).

Banco Multiva was selected as lender to the state of Chihuahua through competitive bidding processes.

López-Elías and Partner Pedro López Elías acted as Counsel to the State of Chihuahua.

Holland & Knight partner Alejandro Landa Thierry (Picture) and associate José Luis Villareal represented Banco Multiva in the transaction.

Involved fees earner: Jose Luis Villareal – Holland & Knight; Alejandro Landa Thierry – Holland & Knight;

Law Firms: Holland & Knight;

Clients: Banco Multiva S.A.;