Shearman And Sterling

News Jun 29, 2019

Pemex's $8 Billion Credit Facilities

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. 

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