Samalayuca-Sásabe Pipeline’ $534 Million Project Financing


Galicia Abogados, Shearman & Sterling, Milbank, Tweed, Hadley and Ritch, Mueller, Heather y Nicolau have advised on the transaction

Carso Gasoducto Norte, S.A. de C.V. as borrower, and affiliates Grupo Carso, S.A.B. de C.V. Carso Electric, S.A. de C.V. and Promotora del Desarrollo de América Latina, S.A. de C.V. secures an 18-year nonrecourse $535 million project financing for the development of an approximately 630 km natural gas pipeline running from Samalayuca, Chihuahua, to Sásabe, Sonora, in Mexico with an approximate transportation capacity of 472 million cubic feet per day. The lenders to the long-term credit agreement are The Bank of Tokyo-Mitsubishi UFJ, LTD. BBVA Bancomer, S.A. Institución de Banca Múltiple Grupo Financiero, BBVA Bancomer, Caixabank SA, Mizuho Bank, LTD. and Sumitomo Mitsui Banking Corporation.

Galicia Abogados, S.C. has advised Carso SAB de C.V. with a team including Carlos de María, Gabriela Pellón, Guillermo Parra, Sebastián Morales, Jessica Hurtado and Gabryela Valencia.

Shearman & Sterling has advised Carso SAB de C.V. with Gregory Tan (Picture), Azam Aziz, Augusto Ruiloba, Christian Pugaczewski and Lili Abascal.

Milbank, Tweed, Hadley & McCloy has advised BBVA Bancomer S.A., Bank of Tokyo-Mitsubishi UFJ, Ltd.; CaixaBank S.A., Mizuho Bank Ltd. and Sumitomo Mitsubishi Banking Corp. with Daniel Michalchuk, Dan Bartfeld, Alejandra García García, Caylee Hong and Allison Cho.

Ritch, Mueller, Heather y Nicolau has advised BBVA Bancomer S.A., Bank of Tokyo-Mitsubishi UFJ, Ltd.; CaixaBank S.A., Mizuho Bank Ltd. and Sumitomo Mitsubishi Banking Corp. with Jorge Oria, Héctor Garza, Santiago Llanos and Laura Treviño.

Involved fees earner: Carlos De Maria y Campos – Galicia Abogados, S.C; Guillermo Parra – Galicia Abogados, S.C; Jessica Hurtado – Galicia Abogados, S.C; Gabriela Pellón – Galicia Abogados, S.C; Jorge Oria y Anaya – Ritch, Mueller, Heather y Nicolau, SC; Héctor Garza Cervera – Ritch, Mueller, Heather y Nicolau, SC; Santiago Llano Zapatero – Ritch, Mueller, Heather y Nicolau, SC; Daniel Michalchuk – Milbank; Daniel Bartfeld – Milbank; Alejandra Garcia Garcia – Milbank; Caylee Hong – Milbank; Gregory Tan – Shearman & Sterling; Augusto Ruiloba – Shearman & Sterling; Alyssa Cowley – Shearman & Sterling; Azam Aziz – Shearman & Sterling; Christian Pugaczewski – Shearman & Sterling;

Law Firms: Galicia Abogados, S.C; Ritch, Mueller, Heather y Nicolau, SC; Milbank; Shearman & Sterling;

Clients: Mizuho; Sumitomo Mitsui Banking Corporation; Bank of Tokyo Mitsubishi UFJ; CaixaBank; BBVA Bancomer; Carso Energy S.A. de C.V.;