Pemex Platform Financing Coming

Grupo R, a Mexican concessions operator, is preparing to take out a $600m one-year bridge loan it has secured with BBVA and WestLB with a project financing of up to 7.5 years, according to people familiar with the deal. The asset-based, charter-backed financing will help fund the construction of Muralla III, a Pemex platform, and is expected in the fourth quarter.