Paul Hastings Advised Axtel, S.A.B. de C.V. in $264 Million Syndicated Sustainability-Linked Financing

Paul Hastings LLP advised Mexican information and communication technology company Axtel, S.A.B. de C.V. in its senior unsecured credit agreement with Scotiabank Inverlat S.A., Institución de Banca Múltiple and Grupo Financiero Scotiabank Inverlat, as administrative agent. HSBC Securities USA Inc. and The Bank of Nova Scotia served as joint lead arrangers, joint book runners, and sustainability agents.

The facility is part of an approximately $500 million financing which is intended in part to repay Axtel’s 6.375% Senior Notes due 2024.

Latin America partners Michael Fitzgerald and Joy Gallup led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Rigo Chavez, and foreign associate Nicole Gresati.

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