Pemex in Third and Final Offering Under 2013 Ex-Im-Guaranteed Export Financing Program

Cleary Gottlieb represented long-time client Petróleos Mexicanos, the Mexican state oil company, in the establishment of a $1.5 billion export financing program with the Export-Import Bank of the United States, pursuant to which Pemex was authorized to offer Ex-Im-guaranteed debt securities for the second time following the establishment of a similar program in 2012. Pemex’s third offering under the Ex-Im program of $350 million principal amount of its 2.290% notes due 2024, Series 2013-3 (Pemex), closed on November 4, and marks the final offering under the Ex-Im program in 2013.

Pemex is the largest company in Mexico and one of the largest crude oil producers and oil and gas companies in the world.