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News Mar 20, 2015

Los Ramones (II) Sur Pipeline named ‘Project Finance Deal of the Year’ by Latin Lawyer

Latin Lawyer acknowledged Shearman & Sterling’s work in Latin America by naming Los Ramones Sur (II) Pipeline the “Project Finance Deal of the Year.”

The firm acted as lenders’ counsel for the Pemex and GDF Suez consortium in connection with the approximately $890 million senior secured financing related to the development, construction, operation and maintenance of the Los Ramones Sur gas transportation system. The new system will be comprised of a new natural gas pipeline of approximately 291.5 km in length and 42 inches in diameter and approximately 15.5 km of 16 inch diameter pipeline to be located in central Mexico, commencing at the point of interconnection with the Los Ramones II (Norte) Project located in the Municipality of Villa Hidalgo in the State of San Luis Potosi and terminating at the interconnection point with the 36-inch diameter natural gas pipeline owned by PGPB located in the Municipality of Apaseo El Alto in the State of Guanajuato.

The Shearman & Sterling team included partners Gregory Tan (New York-Project Development & Finance), Alexandro Padrés (New York-Project Development & Finance), John Gueli (New York-Litigation), Doug McFadyen (New York-Tax), and Azam Aziz (New York-Investment Funds); of counsel Paul Schreiber (New York-Investment Funds); counsel Tom Majewski (New York-Investment Funds); associates Ayako Adachi (New York-Project Development & Finance), Andre Teixeira (New York-Project Development & Finance), Nell Beekman (New York-Compensation, Governance & ERISA), Kerri Durso (New York-Investment Funds), Caitlyn Gale (New York-Investment Funds), Catherine Sum (New York-Investment Funds), Justin Glick (New York-Corporate), and Erica Kassman (New York-Corporate); and international associate Carla Russo.