White & Case Advises Xepelin Holdings, Inc. and Its Mexican Subsidiary on an MXN 825 Million Asset-Backed Financing

Global law firm White & Case LLP has advised Xepelin Holdings, Inc. and its Mexican subsidiary, Operadora Falcon, on the structuring of an up to MXN 825 million asset-backed financing. The financing was granted by Goldman Sachs Bank to a Mexican trust of Xepelin, which will use the proceeds to acquire Operadora Falcon’s various portfolios composed of eligible receivables.

The proceeds of the financing will be used by Operadora Falcon to continue and expand its business and presence in Mexico. The financing is secured by, among others, a non-possessory pledge on Operadora Falcon’s trust rights over the remaining proceeds of the trust and certain warrants. 

This transaction builds on recent financings that the Firm has advised Xepelin on, and which coexist through a master trust and management structure in charge of managing all of Xepelin’s collections, which was designed by White & Case. 

Xepelin, through Operadora Falcon in Mexico, is an international digital financial solutions platform that offers services to businesses for the prepayment of accounts receivable and accounts payable.

The White & Case team in Mexico City was led by partner Carlos Mainero, and included associate Santiago Puente.

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