Milbank LLP advised the joint lead arrangers in connection with a $175 million senior unsecured revolving credit facility for Exhibidora Mexicana Cinépolis, S.A. de C.V. (“Cinépolis”), and its affiliates Yelmo Films, S.L. Unipersonal and USA Cinema Investments Holding, Inc. Cinépolis is the largest movie theater operator in Latin America.
This marks another successful transaction for the firm in connection with Cinépolis. Milbank advised the Ad Hoc Committee of Lenders in the $1.35 billion debt restructuring for Cinépolis in 2021, as well as the lead arrangers in the $1.29 billion dual-currency syndicated credit facility for Cinépolis and its subsidiaries last year.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín with associate Marco Zaldívar and international attorney Manuel Etchevehere.
