Lenders in Grupo Gigante's $686 Million Credit Facility

July 15, 2013

Cleary Gottlieb advised Credit Suisse and BBVA Bancomer as joint lead arrangers, lenders and agents in connection with a dual-currency senior secured bridge loan for approximately $686 million to Grupo Gigante. The proceeds of the loan were used to finance Grupo Gigante’s acquisition of a 50% interest in Office Depot de Mexico from Office Depot. Following the acquisition, Grupo Gigante owns 100% of Office Depot de Mexico.

Grupo Gigante is one of the largest retail holding companies in Mexico. Office Depot Mexico has over 250 locations throughout Mexico, Central America and Colombia, and is the largest office supply chain store in the region. In addition, Grupo Gigante is the owner of the restaurant chain Toks, Petco Mexico, Homestore and real estate business Grupo Gigante Inmobilario.