Cases & Deals

Mexican banks provide US$3.8 billion loan for restructuring, upsize, and to finance acquisition of jet fuel collection rights

Client(s) Banobras, NAFIN, Bancomext, and BBVA

Jones Day represented Banobras, NAFIN, Bancomext (Mexican development banks), and BBVA in connection with a US$3.8 billion loan restructuring and upsize granted to a Mexican special purpose trust for the acquisition of jet fuel collection rights generated by Aeropuertos y Servicios Auxiliares, a Mexican governmental entity.

The loan proceeds will be used by Aeropuertos y Servicios Auxiliares to secure the advance purchase of jet fuel from Pemex and to finance investments in airport infrastructure aimed at expanding, maintaining, and enhancing its operational capacity.