NHG advised the Syndicated Banks in the Concesionaria AT–AT restructuring

NHG advised a syndicate of lenders including Santander, Banobras and Inbursa in the the restructuring and restatement of a senior credit facility granted to Concesionaria AT-AT, S.A. de C.V. (a subsidiary of Aleatica) for up to $7,200,000,000.00 Mexican Pesos to finance the development, construction, operation and maintenance of a 76 km toll highway that will run from Atizapán to Atlacomulco in the State of Mexico, concessioned in favor of the borrower by the Federal Ministry of Infrastructure, Communications and Transportation of Mexico. NHG also advised the lenders in the negotiation of the amendments required to the security package granted for purposes of securing the financing and the negotiation and implementation of a VAT facility agreement for up to $2,214,300,000.00 Mexican Pesos required by the project.

The transaction implied several complexities since construction had been suspended for several months due to the impossibility to secure all the necessary rights of way and the financing had to be completed by a specific date as required by the Ministry of Infrastructure, Communications and Transportation to restart construction. The financing documents had to incorporate mechanisms to mitigate several risks for the lenders related to rights of way.