Desarrollos Eólicos Mexicanos de Oaxaca 1 obtains MXN$220 million loan
Clients Desarrollos Eólicos Mexicanos de Oaxaca 1, S.A.P.I. de C.V.
Jones Day advised Desarrollos Eólicos Mexicanos de Oaxaca 1, S.A.P.I. de C.V (“Demex”), in connection with the drafting and negotiation of a MXN$220 million (US$12.2 million) loan provided by Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero, Santander México to be used to create a reserve for the service debt of certain stock market certificates issued by Demex for a total amount of MXN$2.1 billion (US$126 million) and a reserve for operation and maintenance of the project developed by Demex.