The Firm recently represented Hokchi Energy, S.A. de C.V. (“Hokchi”) in connection with the term loans to be provided by 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 of up to US$290 million. 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 and Miluska Gutierrez Vega (Banking & Credit); Jonathan Cantor and Sarah Katz (Tax); and Michael Isby (Environmental).