Sábado 28 de Mayo 2022
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Skadden advised on the debt restructuring of Latin American franchise company Alsea. Here a worker at Alsea Domino's franchise in Mexico. (Photo: Alsea)
Jorge Juantorena, Cleary Gottlieb; Alejandro Gonzalez Lazzeri, Skadden and  Denise M. Grant, Shearman & Sterling. (Latinvex collage)
Wednesday, January 5, 2022
Legal Briefs

Cleary, Shearman, Skadden Advise Pemex, Alsea

Holland & Knight, Shearman advise Latin America financing.


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


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