Otay – Tijuana Venture’s $90 Million Credit Facility

Mayer Brown and Baker McKenzie advised on the transaction

Otay – Tijuana Venture, L.L.C. secured a $90 Million refinancing of a credit facility with Banorte.

Otay-Tijuana Venture is a US-Mexican group of companies formed to build, manage and operate the Cross Border Xpress (CBX), also known as La Puerta de las Californias. CBX is an intransit, enclosed pedestrian bridge connecting Tijuana airport in Mexico to San Diego customs terminal in the US.

Mayer Brown advised Tijuana Venture, L.L.C. with Raúl Fernández-Briseño (Picture), Jessica Solís and Daniela Cordero.

Baker McKenzie advised Banorte with Carlos Sagaón-Garza, Antonio Ambrosi, Alfonso Martínez – Bejarano, Enrique Martínez, Katryn Jonhstone, Jose Morán, Juan González and Carlos Suarez.

Involved fees earner: Raúl Fernández-Briseño – Mayer & Brown; Jessica Solis Carrillo – Mayer & Brown; Carlos Sagaón-Garza – Baker McKenzie; José Ambrosi Herrera – Baker McKenzie; Alfonso Martinez-Bejarano – Baker McKenzie; Kathryn Johnstone – Baker McKenzie; José Antonio Morán – Baker McKenzie; Juan Carlos Gonzalez Novo – Baker McKenzie;

Law Firms: Mayer & Brown; Baker McKenzie;

Clients: Grupo Financiero Banorte S.A.B. de C.V.; Otay – Tijuana Venture, L.L.C.;

Author: Ambrogio Visconti.