Credit Suisse in Extension of Credit Facility
April 1, 2016
Cleary Gottlieb represented Credit Suisse in its role as Lead Arranger in a $40,000,000 senior secured guaranteed term loan facility for ESEASA Construcciones and two ESEASA affiliates, Pesado Transport and ESEASA Offshore.
ESEASA is a Mexican company specializing in the lease of cranes and other heavy construction equipment. The loan is secured by pledges of certain properties, construction equipment and shares of ESEASA and its affiliates. The proceeds of the loan were used to finance the acquisition of certain new Goldhofer modular transporters, to refinance existing debt and to upgrade the facilities at the Anahuac Construction Yard. The closing date occurred on April 1, 2016.