Canadian Pension Fund in Secured Loan Agreement
August 9, 2013
Cleary Gottlieb acted as a counsel to CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board, one of the world’s largest retirement funds, as the initial lender under a Mexican peso-denominated facility to Grupo Gayosso S.A. de C.V. Grupo Gayosso is a Mexican funeral services company that was acquired by Advent International in 2007. The financing consists of a senior secured credit facility, the proceeds of which were used to repay the existing acquisition financing and for general corporate purposes. The transaction signed and closed on August 9.