Pemex secures US$2,834.6 million financing through bond issuance and syndicated loan

Ritch Mueller represented Banorte, Scotiabank and BBVA, as lenders, in a MXN$19 billion revolving credit facility granted to PEMEX.

The firm also represented PEMEX in a MXN$31.5 billion note offering placed on the Mexican Stock Exchange, as part of its broader capitalization and financing strategy. The issuance was structured under a communicating vessels format and included three tranches: (i) MXN$9.005 billion Floating-rate Notes with a 5.2-year maturity, (ii) MXN$16.999 billion Fixed-rate Nominal Notes with an 8.5-year maturity, and (iii) MXN$5.496 billion Fixed-rate Real Notes with a 10.5-year maturity. 

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