The Firm recently represented Goldman Sachs Bank USA and Banco Santander (Mexico) in connection with a US$300 million bridge loan financing to Gruma, S.A.B. de C.V. The loan proceeds will be used principally to finance the repurchase of Gruma shares owned by Archers-Daniels-Midland Company.
Gruma is a global food company and the largest producer of corn flour and tortilla in the world. Gruma is also a key producer of wheat flour and staple foods, with leading brands in markets globally and 99 plants in more than 100 countries.
The Simpson Thacher team included Jaime Mercado, Ismael Duran and Eduardo Goldberg (Credit).
