Banking syndicate led by BBVA México refinances Biossmann Group debt

Cuatrecasas advises BBVA México on the refinancing process for the Biossmann Group

Banking syndicate led by BBVA México refinances Biossmann Group debt
August 18, 2022
Cuatrecasas has advised a banking syndicate led by BBVA México, S.A., Institución de Banca Múltiple; Grupo Financiero BBVA México, and made up of Banco Santander México, S.A., Institución de Banca Múltiple; Grupo Financiero Santander México and BanCoppel, S.A., Institución de Banca Múltiple, on debt refinancing for the Biossmann Group for nearly USD 40 million (MXN 770,400,000).

As a result of this transaction, BBVA México continues to consolidate its leading position in the Mexican financial market as a bank coordinator, structurer and agent; reaffirming the confidence of both local and international companies in the institution.

Biossmann is an ecosystem that integrates technology, innovation, and human talent to achieve optimal efficiency in surgical operations and hospital administration in public and private hospitals throughout Mexico. The company has over 60 years’ experience in the sector, innovating and customizing technology in health services to benefit patients, and hospital staff and centers.

The advisory team handling this transaction was made up of and led by Cuatrecasas lawyers León López, José Núñez, Juan Carlos Galicia and Ana Isabel Echeverría.

August 18, 2022