Shearman And Sterling

News December 02, 2021

P.M.I. Trading’s $664 Million Revolving Credit Facility

Shearman & Sterling represented a syndicate of lenders led by joint bookrunners and joint lead arrangers BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank AG London Branch, Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corporation, in connection with a $664 million revolving credit facility entered into by and among P.M.I. Trading Designated Activity Company (PMI), as borrower, Petróleos Mexicanos (Pemex), as a guarantor, and certain financial institutions thereunder, as lenders. The facility shall be used to repay a portion of PMI’s existing indebtedness.

The Shearman & Sterling team below included visiting attorneys Pedro de Elizalde and Jeronimo de Sousa (New York-Capital Markets).