BBVA Mexico closes USD250 million Club Deal Financing with Nemak

Nemak S.A.B. de C.V. successfully closed a long-term financing, which consists of a 5-year straight loan for an amount of USD 250 million to be used to refinance short-term debt.

This Club Deal transaction strengthens the company's financial position and increases its liquidity, allowing it to focus on its long-term strategic initiatives and the pursuit of operational excellence.

Nemak is a leading provider of innovative lightweighting solutions to the global automotive industry, specializing in the development and production of aluminum components for electric vehicle, structure and chassis, and internal combustion powertrain applications.

BBVA Mexico congratulates Nemak on the closing of this significant deal and thanks it for the trust shown by allowing us to participate in this Club Deal.