IENova Enters into $1 Billion Letter of Credit Facility

Language

IENova Enters into $1 Billion Letter of Credit Facility

February 12, 2018

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Infraestructura Energética Nova, S.A.B. de C.V., a subsidiary of Sempra Energy, in connection with a $1 billion multicurrency letter of credit facility. The letter of credit facility was entered into with Banco Nacional de México, Integrante Grupo Financiero Banamex, Sumitomo Mitsui Banking Corporation, BBVA Bancomer, Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, Scotiabank Inverlat, S.A., Mizuho Bank, BNP Paribas, Banco Santander.

The facility allows IENova to request letters of credit denominated in US dollars or Mexican Pesos, subject to certain sub-limits, which may be used to provide credit support for the development, design, procurement, construction, installation, operation, performance and maintenance of various projects outside of the United States.

Oil_and_Gas_Oil_Pipe_Pipeline_Transportation_Well_Boring_Energy_Petroleum_Hydrocarbon_Surface_Pump_Drill_Natural_2

IEnova develops, builds and operates energy infrastructure in Mexico.

Latin America and Energy and Infrastructure partner Robert Kartheiser led the Paul Hastings team, which also included of counsel Holly Snow, associate Maria Leonor Tobia and foreign associate Bruna Rey.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

Paul Hastings Hires London M&A Heavyweight Roger Barron

Paul Hastings’ IP Growth Continues with Addition of Prominent IP and Trade Secrets Partner in Chicago

Paul Hastings Continues London Expansion with Private Equity Star Hire

Paul Hastings Practices and Lawyers Score Top Rankings in Chambers USA 2018

Symphony Technology Group Acquires Winshuttle Holdings

PBF Energy Announces Closing of $3.4 Billion Credit Facility

Three Paul Hastings Lawyers Among Latin America’s Top 100 Female Lawyers by Latinvex

Great Salt Plains Midstream Acquires Thunderbird Midstream

Starwood Capital Sells £830m UK Hotel Portfolio

Advent International Acquires French Telecoms Infrastructure Provider Circet Group

Paul Hastings Builds on London Strength with Leading Privacy & Cybersecurity Partner

Paul Hastings’ Energy and Infrastructure Practice Recognized for Three Awards Related to the Financing of the Norte III Power Plant in Mexico

Saban Properties to Sell Power Rangers and Other Entertainment Assets to Hasbro, Inc.

Sino-Ocean Group Acquires Chicago’s Soho House

BBVA Serves as Administrative Agent in Latin America’s First Green Corporate Loan

Paul Hastings Wins "Structured Finance & Securitisation Deal of the Year"

Trinidad and Tobago Court Overturns Anti-Gay Laws

Lotte Shopping Closes Equity-Linked Bond

GI Partners to Acquire and Merge Consilio and Advanced Discovery

Ergon Peru Secures Financing from SMBC and Cofide for Peru Solar Project

Allegro Acquires Financial Engineering Associates

Alpha Investment Sells Shanghai Mixed-Use Property

Alpek, S.A.B. de C.V. Secures $710 Million Syndicated Financing

Beecken Petty O'Keefe & Company to Sell PMG Intermediate Holding Corp. for $375 Million

Francisco Partners to Acquire Bomgar

GE to Sell Health-Care Technology Unit to Veritas Capital for $1.05 Billion

Sansei Technologies Acquires Dutch Roller Coaster Manufacturer

Global Banks Make First Cross-Border Syndicated Loan to Televisa, Valued up to $950 Million

Deerfield Management and Vanderbilt University Launch Research Collaboration, Ancora Innovation

Mexico City Airport FIBRA E Closes $1.64 Billion Offering

BofA Merrill Lynch, Barclays, Citigroup, J.P. Morgan, Morgan Stanley and Wells Fargo Securities Serve as Joint Book-Running Managers for Blackstone Mortgage Trust, Inc.'s Public Offering Of Convertible Senior Notes

Fosun Group Buys Majority Stake in Austrian Luxury Textiles Maker

Sigma Announces $500 Million Senior Notes Offering

Finance Push Continues at Paul Hastings with Market-Leading Leveraged Finance Partner Addition in New York

Paul Hastings Expands Entertainment and Media Practice with Addition of Five Preeminent Entertainment Partners and Opening of Office in Century City

Golden Gateway Center SPE Closes $550 Million Financing for San Francisco Gateway Residential Complex

Paul Hastings to Locate London Office at Brookfield's 100 Bishopsgate

Danaher to Acquire Integrated DNA Technologies

Yuzhou Properties Issues US$375 Million Senior Notes Offering

New Look Announces Company Voluntary Arrangement Proposal

CS Finance Merges with COSCO Finance

China’s Fosun Group Acquires Brazilian Asset Manager

Advent International to Acquire Laird for £1 billion

Kratos Defense Announces Sale of its Public Safety & Security System Integration Business to Securitas Electronic Security, Inc.

YPF Completes Sale of 24.99% Stake in YPF Energia Electrica to GE Energy Financial Services

ICBC International Provides Investment in JD Logistics’ US$2.5 Billion Financing Round

Flexi-Van Completes Refinancing

Qualium Investissement Invests in Labelium Group

Paul Hastings Again Tops Latin America’s Top 100 Lawyers by Latinvex

IENova Enters into $1 Billion Letter of Credit Facility