Carey
Isidora Goyenechea 2800, las Condes Piso 42 755-0647 Santiago, Chile
Tel:(+56 2)29282200, Fax:(+56 2)29282200, E-mail: carey@carey.cl
Latin Lawyer

Cinépolis secures multi-jurisdictional loan

6 November, 2015 by Vincent Manancourt

Skadden, Arps, Slate, Meagher & Flom LLP in New York, Galicia Abogados in Mexico and the Madrid office of Uría Menéndez have helped Mexican cinema chain Cinépolis obtain a US$300 million syndicated loan.

The deal closed on 23 October. The Chilean and Brazilian subsidiaries of the Mexican cinema chain acted as guarantors for the deal. They were advised by Chilean firm Carey and Brazil’s Campos Mello Advogados respectively. The group of lawyers from Campos Mello who worked on the deal have since moved to Tauil & Chequer Advogados in association with Mayer Brown.

Mayer Brown LLP in New York and Tauil & Chequer Advogados advised the administrative agent, Bank of America, as well as JP Morgan, which were joint book runners and lead arrangers along with Merrill Lynch, the wealth management division of Bank of America.

Creel, García-Cuéllar, Aiza y Enriquez SC, and Philippi Prietocarrizosa & Uría (Chile) acted as Mexican and Chilean counsel to Bank of America. Nine additional banks participated as lenders.

Cinépolis only recently entered the Chilean market, acquiring Cine Hoyts from local entertainment conglomerate ChileFilms in January. The Mexican chain relied on Carey for that deal.

 
Counsel to Latin Lawyer

Counsel to Tenedora de Cines (Cinépolis)
In-house counsel – Pablo Aguilar Albo

Skadden, Arps, Slate, Meagher & Flom LLP
Partners Alejandro González Lazzeri and Pamela Endrenny, and associates Nicolás Pérez Sierra and Michael Cardella and international visiting attorney Jesus Albarran in New York

Galicia Abogados
Partner Maurice Berkman and associates Cecilia Díaz de Rivera and Rodrigo Rivera in Mexico City

Uría Menéndez
Partner Javier Tortuero, counsel Pere Pons and associates Leonor de Osma, Clara Muñoz and David López Pombo in Madrid

Campos Mello Advogados
Partner Daniella Raigorodsky and associates Fernando Hirata and Charles Chuu in São Paulo*
*Since left the firm to join Tauil & Chequer

Carey
Partner Francisco Ugarte and associate Felipe Tupper in Santiago

Counsel to Bank of America, JPMorgan Chase Bank, Banco Nacional de México, Sumitomo Mitsui Banking Corporation, Export Development Bank of Canada, The Bank of Tokyo-Mitsubishi UFJ, Itaú BBA International, HSBC Mexico, ING Bank Dublin Branch, Credit Suisse Cayman Islands Branch and BBVA Bancomer
Mayer Brown LLP
Partner David Duffee in Chicago and associate Andres Loera in New York

Tauil & Chequer Advogados in association with Mayer Brown
Partner Eduardo Lima and associate Luis Montes in São Paulo

Creel, García-Cuéllar, Aiza y Enriquez SC
Partners Pedro Velasco and Omar Zúñiga and associate Alejandro Isaac in Mexico City

Philippi Prietocarrizosa & Uría (Chile)
Partner Marcelo Armas in Santiago