FC on Mexican underground LPG storage system

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CYDSA has closed USD160 million refinancing deal with its first liquefied petroleum gas underground storage system in Mexico. 

This syndicated loan was granted jointly by Banobras, the National Bank of Foreign Trade (Bancomext) and Banorte, and will serve to continue with the realization of the first system in Mexico and Latin America to provide underground gas storage services to Pemex during a period of 20 years.

Rodríguez Dávalos Abogados and White & Case advised on the deal.

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