The Firm recently represented Goldman Sachs Bank USA in connection with a US$200 million loan financing to Empresas ICA, S.A.B. de C.V. The loan proceeds will be used to fund an upfront payment for the grant of a concession by the Mexican Government to develop an 83-kilometer toll road between the states of Queretaro and Guanajuato, Mexico, the Palmillas Project.
ICA is Mexico’s leading construction and infrastructure operation company. Its principal lines of business are (i) civil and industrial construction, (ii) infrastructure development including operation of airports, highways and water projects and (iii) social interest housing and middle income residential development. ICA is listed on the Mexican Bolsa and on the New York Stock Exchange since 1992.
The Simpson Thacher team for this transaction included Jaime Mercado, Ismael Duran and Eduardo Goldberg.
