Hokchi and Pan American Energy’s $290 Million Financing

Simpson Thacher represented Hokchi Energy, S.A. de C.V. (“Hokchi”) in connection with the term loans to be provided by the underwriters of up to US$290 million.

JPMorgan Chase Bank, N.A., BNP PARIBAS, Banco Nacional de México S.A., integrante del Grupo Financiero Banamex, HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC and Natixis, New York Branch acted as underwriters in the deal.

The term loans are guaranteed by Pan American Energy, S.L.

Hokchi will use the net proceeds from the term loans to, among other things, finance expenditures related to the onshore and offshore infrastructure and facilities for the development of the oil and gas Hokchi Block located in Mexico.

Pan American Energy is a Latin America–based oil and gas company.

The Simpson Thacher team included Juan Francisco Mendez (Picture), Ismael Duran and Miluska Gutierrez Vega (Banking & Credit); Jonathan Cantor and Sarah Katz (Tax); and Michael Isby (Environmental).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Miluska Gutierrez Vega – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Sarah Katz – Simpson Thacher & Bartlett; Juan Francisco Mendez – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Hokchi Energy, S.A. de C.V. ;

Author: Ambrogio Visconti