ALTÁN REDES’ $388.1 Million Debtor in Possession Financing

Altán Redes executed an agreement including a debtor-in-possession financing for $388 million, of which $161 million or 41% comes from development banks and the rest from suppliers, shareholders and customers. Altan Redes is the Mexican company responsible for designing, developing, operating and marketing the Red Compartida, the Network for Everyone.

Greenberg Traurig advised Altán Redes, S.A.P.I. de C.V. with a team including Juan Manuel González Olguín, Rodrigo Orozco Waters, Miguel Flores Bernés, Edgar Olvera Jiménez, Maribel Tovar Frías, José Abel Rivera-Pedroza and Natalia Mejía.

Del Castillo y Castro Abogados advised Altán Redes, S.A.P.I. de C.V. with a team including Fernando Del Castillo, Linda García de Alba, Karla Silva, Maricruz Cervera and Gabriela Ríos.

Creel, García-Cuéllar, Aiza y Enríquez, S.C. advised Altán Redes, S.A.P.I. de C.V. with a team including Iker Arriola, Edgar Ancona and Ana Lucía Quintanilla.

White & Case also advised Altán Redes, S.A.P.I. de C.V. on the deal.

Curtis, Mallet-Prevost, Colt & Mosle advised Banco Nacional de Obras y Servicios Públicos, Nacional Financiera and Banco Nacional de Comercio Exterior with a team including Rodrigo Valverde Sánchez, Irene Cuéllar, Mario Gutiérrez, Raúl Archundia and Andrés Hernández Romo.

Kelley & Ortiz S.C. also advised and represent directly in the judicial procedure and restructuring proceess negotiating the terms of the agreement, Banco Nacional de Obras y Servicios Públicos, Nacional Financiera and Banco Nacional de Comercio Exterior advised through their partner Santiago Kelley Pérez de la Vega, and other lawyers form the legal firm, including José Enrique Sánchez Torres .

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