Client or Matter Name
Altum Capital, as agent and lender.
We acted as legal counsel to Altum Capital – a leading Mexican private debt manager -, as agent and lender, in the USD$15 million structured financing to Tekmovil Group – a global innovative consumer electronics distribution services company.
Innovation & Additional Comments
The deal was particularly challenging given that it involved two separate jurisdictions (Mexico and US), with the main loan documents being governed by Mexican law.
That said, the structure of the deal required for collateral not only to be granted over Mexican assets, but also US assets. As such, we had to conform different concepts from foreign law into a Mexican-law governed transaction.
The transaction involved, among others, the implementation of a structured collateral package in the form of a trust agreement and ancillary security documents, as well as certain US-law governed security agreements, DACAs, etc.
Deal Duration, Date of Closing / Signing
Other Firms Involved