Mexico City –October 7th, 2021 – Gonzalez Calvillo, a leading Mexican law firm, represented Altum Capital CP, S.A.P.I. de C.V., SOFOM, E.N.R. (“Altum Capital”) in the structured financing granted to PCH Servicios Financieros, S.A.P.I. de C.V., SOFOM, E.N.R. (“PCH Servicios Financieros”), in the structured financing, to finance the placement of new loans and leases, as well as the monetization of the existing portfolio and the refinancing of debt.
As a part of the Financing, it was necessary to implement an administration and source of
payment trust – together with a management agreement – to serve as an alternative payment
mechanism.
As a part of the Financing, it was necessary to implement an administration and source of payment trust – together with a management agreement – to serve as an alternative payment mechanism.
The matter was challenging given that the first disbursement of the Financing took place simultaneously to the execution of the principal documents; therefore, it was necessary to implement all the necessary actions and conditions to achieve such disbursement on time.
Pursuant to the foregoing and for the purposes of the first disbursement, it was necessary to implement an assignment agreement, by means of which certain required collection rights were assigned.
In addition, it was necessary to execute a non-possessory pledge agreement, by means of which the assets subject to the lease agreements, whose collection rights were assigned, were pledged.
Gonzalez Calvillo’s team was led by Partner José Ignacio Rivero, and included Associates Jacinto Avalos and Rodrigo Poumian González.
Practice area: Corporate Finance
Click here to read the PDF version.
About Gonzalez Calvillo
For over 30 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a full-service leading law firm due to its transactional core and expertise in a wide range of practice areas. The firm is recognized for its ability to build cross-disciplinary teams for the most complex legal challenges and long track record of successfully providing groundbreaking business and regulatory advice to high profile domestic and international companies. Often described as a pioneer of the Mexican legal services industry, the firm is known for its commitment to do things differently, bespoke solutions, and creating transformational legal changes that enable clients achieving their objectives. For more information, please visit www.gcsc.com.mx.
