Simpson Thacher Represents Citigroup and Deutsche Bank in Project Bond by Fermaca Enterprises
05.13.14
This is only gets display when printing
Simpson Thacher recently represented Citigroup and Deutsche Bank and the other initial purchasers in connection with a project bond offering by Fermaca Enterprises, S. de R.L. de C.V. (“Fermaca”) of $550 million aggregate principal amount of 6.375% Senior Secured Notes due 2038 pursuant to Rule 144A and Regulation S. The Firm also represented Citigroup and Deutsche Bank, as lead arrangers, and the other lenders in connection with a $140 million short-term loan incurred in connection with Fermaca’s acquisition by Partners Group, a global private markets investment management firm. The net proceeds from the sale of the notes were used primarily to repay the short-term loan and an outstanding project finance loan.
Fermaca focuses on the development, ownership and operation of mid-stream natural gas infrastructure in Mexico. Fermaca’s assets consist of a 127-kilometer natural gas pipeline in the state of Queretaro in Mexico and a 381-kilometer natural gas pipeline that extends from the United States-Mexico border at San Isidro to a delivery point near Chihuahua City in Mexico.
The Simpson Thacher team included Alan Brenner, Juan Francisco Méndez, Jo Djekovic and Gustavo Silva Cano (Capital Markets/Project Finance); Alan Brenner, Brett Pearlman and Tamaron Greene (Credit); Mike Isby (Environmental); and Jacqueline Barbera (Tax).