Cleary, Shearman, Skadden Advise Pemex, Alsea

Holland & Knight, Shearman advise Latin America financing.

BY LATINVEX STAFF

Cleary Gottlieb represented Mexican state oil company Pemex and the Mexican Ministry of Finance in a landmark new money issuance and liability management transactions that reduced Pemex’s outstanding indebtedness, lowered its cost of funding and extended the maturity profile of its debt; Skadden represented the several creditors in the approximately $1 billion out-of-court global debt restructuring of Mexican fast food franchisor Alsea and the initial purchasers in the offering of Alsea's $500 million 7.750% senior notes due 2026; Shearman & Sterling represented a syndicate of lenders on the $664 million revolving credit facility entered for Mexican state oil company Pemex’ trading arm PMI and Holland & Knight advised Banco Multiva on three loans to the Mexican State of Chihuahua for approximately $28 million.

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Keywords: Cleary Gottlieb, Finance, Holland & Knight, Mexico, Pemex, Shearman & Sterling, Skadden