Milbank LLP advised the joint lead arrangers and joint bookrunners in connection with a US$733 million term loan facility for Cox Asset México, S.A. de C.V., a vertically integrated utility in the water and energy sectors.
Barclays Bank plc, BBVA México, S.A., Institución De Banca Múltiple, Grupo Financiero BBVA México, Citigroup Global Markets Inc., Goldman Sachs Bank USA, Deutsche Bank AG, Banco Santander, S.A. and The Bank of Nova Scotia served as the joint lead arrangers and bookrunners.
The proceeds of the financing were used to refinance the remaining portion of the acquisition bridge loan that was not refinanced with the US$2 billion notes offering for Cox’s US$3.5 billion acquisition of Iberdrola México, S.A. de C.V., in May 2026, which Milbank also advised on.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín along with associates Mauricio Nieto Jaramillo, Pamela Molina and Ronny Vaisman.
