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PEMEX Seeks $1 Billion In Financing From US Banks

MEXICO
  • Pemex is negotiating with Goldman Sachs and JPMorgan for at least $1 billion in financing as the debt-laden oil major searches for cash amid falling production. (Bloomberg)
  • Pemex is said to be in talks with Goldman Sachs for financing guaranteed by its crude, and with JPMorgan for funding linked to its gasoline sales in Mexico, according to people familiar with the transactions.
    • The two deals this year could raise significantly more than $1 billion, said the people, who asked for anonymity as they are not authorized to discuss the private talks.

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