DiegoNoriega

Associate

Mexico City + 52.55.3000.4083

Diego Noriega's practice focuses on transactions related to the development and financing of energy and infrastructure projects, general corporate law, joint ventures, and M&A. His experience also includes proceedings before the National Banking and Securities Commission and the Mexican Stock Exchange.

Diego has participated in representing public and private corporate borrowers, financial institutions, project sponsors, government entities, and investment funds in a range of sophisticated cross-border and domestic lending transactions.

Diego's recent transactions include advising Banco Santander (México), in connection with a loan agreement for the amount of US$250 million, and advising INVEX Infraestructura 4, S.A.P.I. de C.V. in the acquisition of 100 percent of the issued and outstanding capital stock of Trafigura Mexico Holding B.V., which is entitled to certain real estate rights that will be used for the construction and operation of the Tajin System, with the total investment estimated at approximately US$550 million.

Additionally, Diego has represented companies in procurement processes and in the negotiation of agreements with government agencies and productive state companies (decentralized government entities), including among others, CFE (Comisión Federal de Electricidad), Pemex (Petróleos Mexicanos), and SCT (Ministry of Communications and Transport).

Experience

  • Banco Sabadell provides $175 million financing to Banco ActinverJones Day acted as counsel to Banco Sabadell, S.A., Institución de Banca Múltiple, as administrative agent, and other lenders party thereto in connection with a credit agreement for up to the aggregate principal amount of US$175 million provided to Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, acting solely and exclusively as trustee under Trust number 2957 for the development of two hotels to be operated as “all inclusive resort” under the Live Aqua (349 keys) and Fiesta Americana (735 keys) brands near Tulum-Quintana-Roo, Mexico.
  • Banco Santander México and BBVA Bancomer grant sustainability linked revolving credit agreement for MXN$13.5 billion and US$410 million to Fibra UnoJones Day acted as special Mexican counsel to Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México, (administrative agent), BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer (sustainability agent), and other lenders, in connection with a sustainability linked revolving credit agreement for up to the aggregate principal amount of MXN$13.5 billion (US$700 million) and US$410 million granted to Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, acting solely and exclusively as trustee under Trust number 1401 (Fibra Uno).
  • Prodemex completes US$306 million IPO of Fibra-E SharesJones Day advised Promotora y Desarrolladora Mexicana, S.A. de C.V. (Prodemex), as sponsor, in an initial public offering of an energy and infrastructure investment trust (Fibra-E) in the amount of US$306 million for the acquisition of 50 percent of equity interest in three subsidiaries of Prodemex (the "Projects"), which hold certain long-term service contracts in connection with two prisons located in Jalisco, Durango, and a toll road "Solidaridad Las Torres" located in Toluca, State of Mexico, respectively.
  • Proinfra obtains $165 million loan facility from BanorteJones Day represented Promotora y Desarrolladora Mexicana, S.A. de C.V., a Mexican engineering and construction company, in connection with a MXN$3.3 billion (US$165 million) loan facility for general corporate purposes and the acquisition of Trust Certificates (Certificados Bursátiles Fiduciarios).
  • Banco Santander provides US$250 million loan to GMéxico TransportesJones Day represented Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (“Santander”) in connection with a Loan Agreement for the amount of US$250 million, entered between Santander as lender and GMéxico Transportes, S.A. de C.V. ("GMexico Transportes"), as borrower and Ferrosur, S.A. de C.V., as joint obligor.
  • Total sells Atotech to The Carlyle Group for $3.2 billionJones Day advised Total in the $3.2 billion sale of specialty chemical affiliate Atotech B.V., a global manufacturer of high technology plating solutions, to The Carlyle Group.
  • INVEX Infraestructura acquires Trafigura Mexico Holding B.V.Jones Day advised INVEX Infraestructura 4, S.A.P.I. de C.V. in the acquisition of 100% of the issued and outstanding capital stock of Trafigura Mexico Holding B.V., which in turn owns 99.99% of the issued and outstanding capital stock of PPM Energy, S.A.P.I. de C.V.
  • INVEX Infraestructura 4 purchases port terminal in Tuxpan, VeracruzJones Day advised INVEX Infraestructura 4, S.A.P.I. de C.V. and one of the largest midstream service companies in Mexico in the purchase of the entire stock of Compañía Terminal de Tuxpan, S.A. de C.V. ("CTT"), holder of a Partial Assignment and Assumption Agreement (Contrato de Cesión Parcial de Derechos y Obligaciones) executed with the Administración Portuaria Integral de Tuxpan, S.A. de C.V. in connection to a port terminal at the Port of Tuxpan, Veracruz.
  • Spectra Energy wins bid to develop natural gas header and pipeline from Nueces County to Brownsville, TexasJones Day represented Spectra Energy Corp. regarding Mexican law issues in connection with the Nueces-Brownsville Project auctioned by Comisión Federal de Electricidad ("CFE"), the Mexican utility company.
  • Ennis sells its apparel division to Gildan Activewear for $110 millionJones Day advised Ennis, Inc. in its $110 million sale of Alstyle Apparel, LLC and its subsidiaries (including the Mexican subsidiaries), which constitute the Company’s apparel division, to Gildan Activewear Inc.
  • Bancomext provides financing to Negocios Renovables Inteligentes for financing of public works contractJones Day advised Banco Nacional de Comercio Exterior, S.N.C. in connection with its $178 million loan agreement provided to Negocios Renovables Inteligentes, S.A. de C.V. for the financing of a public works contract relating to loss reduction work with a total capacity of 309,493MVA of transformation and the construction of 870.17 Km-C line with a voltage of 23kV and removal, supply, and installation of 336,935 AMI meters.
  • JBIC provides financing to Banco Nacional de Comercio Exterior for financing of renewable energy-related projects in MexicoJones Day advised the Japan Bank for International Cooperation (JBIC) in connection with a $100 million loan facility provided to Banco Nacional de Comercio Exterior, S.N.C. (BANCOMEXT) to finance renewable energy and energy efficiency projects in Mexico under JBIC's GREEN operations.
  • Comercializadora Farmacéutica de Chiapas becomes lessee of 15 commercial spots used by Block Buster de México, S.A.Jones Day advised Comercializadora Farmacéutica de Chiapas in a group of transactions to become lessee of 15 commercial spots currently used by Block Buster de México, S.A.
  • Mexican midstream service company negotiates joint venture with Texas midstream service company to form joint venture for cross border pipeline between Mexico and TexasJones Day advised one of the largest midstream service companies in Mexico in the formation of a joint venture with one of the largest midstream service companies in Texas for the development, construction, and financing of a cross border pipeline extending from Corpus Christi, Texas to Laredo, Mexico.
  • Comercializadora Farmacéutica de Chiapas being advised in capital and corporate restructuringJones Day is advising Comercializadora Farmacéutica de Chiapas in a group of transactions for its capital and corporate restructuring.
  • Comercializadora Farmacéutica de Chiapas being advised in general corporate governance of Grupo Farmacias del AhorroJones Day is advising Comercializadora Farmacéutica de Chiapas in its general corporate governance of Grupo Farmacias del Ahorro.
  • Grupo Landstiner advised in capital and corporate restructuringJones Day advised Grupo Landstiner in a group of transactions for its capital and corporate restructuring.
  • Wood Group forms joint venture with Grupo DiavazJones Day advised Wood Group Management Services, Inc. in its negotiation of a joint venture agreement with Grupo Diavaz, which purpose is the provision of engineering, design, procurement, project management, and construction management services for concept and FEED, and detail design engineering for brownfield and greenfield projects in Mexico, related to midstream and upstream oil and gas facilities, both onshore and offshore.
  • Midstream service company constructs pipeline from Tuxpan, Veracruz to Tula, HidalgoJones Day is advising one of the largest midstream service companies in Mexico in the incorporation of a SPV for the construction, operation, and maintenance of certain pipeline for the shipping of unleaded gasoline, petroleum distillates, and liquefied petroleum gas and any other similar oil derivatives from Tuxpan, Veracruz to Tula, Hidalgo.
  • National Pecan acquires Young Pecan, Inc.Jones Day advised National Pecan, a portfolio company of Blue Road Capital, L.P., in its acquisition of the assets of Young Pecan, Inc. and the acquisition of the shares and assets of its Mexican subsidiary; and (ii) the negotiation of a certain Management and Service Agreement with Almacenadora Mercader, S.A., Organización Auxiliar del Crédito for the operation of a certain warehouse and the management of inventories consisting of up to 6,600 metric tons of pecan nuts, which may be covered in whole or in part by Certificates of Deposit.
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