Chadbourne & Parke LLP represented UBS AG, Stamford Branch, as administrative agent and lender, and UBS Securities LLC, as lead arranger and bookrunner, in connection with a MXP $325,000,000 structured credit facility for Financiera Maestra, S.A. de C.V., a financial purpose entity affiliated with Grupo Empresarial Maestro, S.A. de C.V., a Mexican micro-lending institution.

 

The transaction utilized a complex collateral structure involving back to back loans and multiple Mexican trusts. The proceeds of the loans under the credit facility, governed by New York law, will be used to acquire the rights to payments under consumer loans made to Mexican governmental employees under a Mexican government-sponsored program where a portion of the employee borrower’s salary is subject to monthly payroll deductions and paid directly to the relevant lender of the consumer loan. The underlying loans are assigned to a trust and serve as collateral to secure the credit facility.

Working on the deal for Chadbourne were partners Marc Rossell and Scott Berson and associates Joseph Giannini and Adrienne Sebring.