Samalayuca - Sásabe Pipeline

10/3/2017
Project development, Project finance

$ 916 million

Completed

10/3/2017


Overview:

  • Samalayuca–Sásabe Pipeline 
  • The Samalayuca–Sásabe Pipeline is a 630km natural gas pipeline which stretches from Samalayuca in Chihuahua to Sásabe in Sonora.
  • Carso Gasoducto Norte, a subsidiary of Grupo Carso, is developing the pipeline.
  • The pipeline will transport about 472 million cubic feet a day and supply gas transportation to Comisión Federal de Electricidad, the Mexican state-owned electricity company.
  • Carso has taken out $534.77 million in financing from BBVA Bancomer, Bank of Tokyo-Mitsubishi, CaixaBank, Mizuho Bank, and Sumitomo Mitsubishi Banking Corporation to repay a 2016 bridge loan to Carso Gasoducto Norte.

Rani Mehta - Journalist 

Jurisdiction:

Mexico

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Oil and gas


Firms:

Party: Grupo Carso (Borrower)


Party: BBVA Bancomer (Lender)

Party: Bank of Tokyo-Mitsubishi (Lender)

Party: Caixabank (Lender)

Party: Mizuho Bank (Lender)

Party: Sumitomo Mitsubishi Banking Corp (Lender)


Party: BBVA Bancomer (Lender)

Party: Bank of Tokyo-Mitsubishi (Lender)

Party: Caixabank (Lender)

Party: Mizuho Bank (Lender)

Party: Sumitomo Mitsubishi Banking Corp (Lender)


Party: Grupo Carso (Borrower)

Lawyer: Azam Aziz