Syndicate of lenders provide US$4.7 billion financing to PEMEX and PTI Infraestructura de Desarrollo
Client(s) Banobras, NAFIN, Bancomext, and Banorte
Jones Day advised Banobras, as administrative agent and lender, together with NAFIN, Bancomext, and Banorte, as lenders, in connection with a Mexican peso-denominated credit facility equivalent to approximately US$4.7 billion provided to Petróleos Mexicanos (PEMEX) and PTI Infraestructura de Desarrollo.
The financing will be used for general corporate purposes, including funding the Salina Cruz Refinery reconfiguration project and refinancing existing financial indebtedness related to PEMEX's investment and operating activities.