IENova Enters into $1 Billion Letter of Credit Facility
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.
IEnova develops, builds and operates energy infrastructure in Mexico.
Latin America and Energy and Infrastructure partner
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