Mexico pipeline operator Gasoducto de Zapotlanejo secures loan

Posted on Jan 22, 2024

Gasoducto de Zapotlanejo (GAZA), an affiliate of Grupo SIMSA and owner of a natural gas transportation pipeline located in the state of Jalisco, Mexico, has secured a loan from Sumitomo Mitsui Banking Corporation, and a group of commercial banks, to repay existing debt and for other corporate purposes.

The amount of the loan was not disclosed.

Sumitomo Mitsui Banking Corporation was advised on the loan in Mexico by Mexican law firm González Calvillo, with a team led by partner José Ignacio Rivero Andere, with partner Óscar Moreno Silva, counsel Antonio De Lisi Martínez and associates Andrés Marcelo Yépiz Méndez and Rodrigo Poumian González.

White & Case acted as US counsel to Sumitomo Mitsui Banking Corporation.

The White & Case team was led by partners Sean Goldstein (Miami), and Juan Ruenes Rosales and local partner Juan Carlos Llorens Rojas (both in Mexico City), and included associate Gustavo Neyra (Mexico City), law clerk Helena Buitrago (Miami), as well as counsel Rhys Bortignon and associate Zhou Bo (Joseph) Chen (both in New York), who provided support on the hedges for the facility.