MEXICO CITY and NEW YORK – Dec. 03, 2024 – Attorneys from global law firm Greenberg Traurig represented HSBC Mexico, one of the largest banking and financial services organizations in the world, in a club deal revolving credit facility for US$115 million, led by HSBC Mexico as structuring and monitoring agent, and Klöeckner Metal Service Center de México (Kloeckner Mexico) as borrower.
This financing will enable Kloeckner Mexico to meet its working capital needs following its 2023 purchase of National Material of Mexico (NMM), a supplier of automotive and industrial materials in North America.
The Greenberg Traurig team was led by Shareholders Fernando Orrantia Dworak in the Mexico City office and Oscar Stephens in the New York office. Associates Susana Doen Castillo from the Mexico City office and Christina A. Revilla Chacon from New York office provided key support.
Kloeckner Mexico is part of U.S.-based Kloeckner Metals Corporation, a leading global distributor of steel and metal products. Kloeckner Metals Corporation is a subsidiary of the Kloeckner & Co. SE, which is headquartered in Duisburg, Germany.