Vitro Issues $700 Million Term Loan Facility
July 5, 2018
Cleary Gottlieb represented Vitro, S.A.B. de C.V., the leading Mexican glass manufacturing company, and certain of its subsidiaries, Vitro Flat Glass LLC, Vitro Automotive Glass LLC, and various subsidiary guarantors, in a $700 million unsecured term loan credit facility.
Vitro Flat Glass and Vitro Automotive Glass are the co-borrowers under the term loan credit facility, and Vitro, S.A.B. de C.V. and the subsidiary guarantors act as guarantors. The facility will mature on October 5, 2023.
The proceeds of the credit facility will be used to repay in full and terminate all outstanding indebtedness of Vitro Flat Glass and Vitro Automotive Glass under their existing credit agreements and pay fees and expenses associated with the transaction, with any remainder used for general corporate purposes. The new facility was entered into on June 29, 2018.