Cases & Deals

Mexican development banks grant bridge loan for up to US$1 billion to PEMEX’s subsidiary for modernization of Salina Cruz Refinery

Client(s) Banobras, Bancomext, and NAFIN

Jones Day represented Banobras, Bancomext, and NAFIN (Mexican development banks) in connection with the amendment and increase of a bridge loan for up to US$1 billion granted to PTI Infraestructura (a subsidiary of PEMEX) with PEMEX as joint obligor.

PTI will use the proceeds to finance the modernization works of the Salina Cruz PEMEX refinery located at Oaxaca, Mexico.