Shearman & Sterling represented Mizuho Bank as administrative agent and HSBC Securities and JPMorgan Chase Bank as global coordinators in credit facilities for a total of $8 billion for Petróleos Mexicanos (Pemex). The facilities were structured in two parts: a $2.5 billion term loan facility, which Pemex will use to refinance existing debt and for general corporate purposes, and a $5.5 billion revolving credit facility, which will replace pre-existing credit lines and be used for general corporate purposes. 

The Team