Grupo México obtains financing for oil rig deal

Skadden, Arps, Slate, Meagher & Flom LLP, Mexico’s González Calvillo, SC; Panamanian firm Arias, Fábrega & Fábrega; and Allen & Overy LLP in Luxembourg have helped miner Grupo México obtain a US$275 million syndicated credit facility from HSBC and Citigroup to fund the acquisition of four oil rigs.