Form 6-K https://www.sec.gov/Archives/edgar/data/0000932782/00011931252208...

6-K 1 d302957d6k.htm FORM 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2022

Commission File Number 0-99

PETRÓLEOS MEXICANOS
(Exact name of registrant as specified in its charter)

MEXICAN PETROLEUM
(Translation of registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

Avenida Marina Nacional No. 329

Colonia Verónica Anzures
11300 Ciudad de México, México
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

Yes ☐ No ☒

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

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Form 6-K https://www.sec.gov/Archives/edgar/data/0000932782/00011931252208...

Petróleos Mexicanos

Offers to Exchange Securities

which have been registered under the Securities Act of 1933, as amended,
and which are jointly and severally guaranteed by
Pemex Exploración y Producción, Pemex Transformación Industrial and Pemex Logística and their
respective successors and assignees,
for any and all of its outstanding 6.875% Notes due 2025 and 6.700% Notes due 2032

Petróleos Mexicanos, a productive state-owned company of the Federal Government of the United Mexican States (the “Issuer”) and Pemex
Exploración y Producción, Pemex Transformación Industrial and Pemex Logística and their respective successors and assignees (the “Guarantors”)
announced today the results of their offers to exchange (the “Exchange Offers”) registered 6.875% Notes due 2025 (the “2025 New Securities”) and
6.700% Notes due 2032 (the “2032 New Securities” and, together with the 2025 New Securities, the “New Securities”) for any and all outstanding
6.875% Notes due 2025 (the “2025 Old Securities”) and 6.700% Notes due 2032 (the “2032 Old Securities” and, together with the 2025 Old Securities,
the “Old Securities”) of the Issuer.

The Exchange Offers commenced on February 28, 2022 and expired at 5:00 p.m., New York City time, on March 25, 2022. On the terms and
subject to the conditions set forth in the prospectus dated February 28, 2022, the Issuer will issue U.S. $901,836,000 aggregate principal amount of 2025
New Securities in exchange for 2025 Old Securities and U.S. $6,779,842,000 aggregate principal amount of 2032 New Securities in exchange for 2032
Old Securities, which represents approximately 98.42% and 99.51% of the 2025 Old Securities and 2032 Old Securities outstanding prior to the
Exchange Offers, respectively. The Issuer has accepted for exchange all of the Old Securities that were validly tendered and not validly withdrawn. Old
Securities that have been validly tendered cannot be withdrawn, except as may be required by applicable law.

The settlement date on which the Issuer will settle the Old Securities accepted in the Exchange Offers is expected to be March 30, 2022 (the
“Settlement Date”). The terms of the New Securities to be issued are identical to the Old Securities, except for the transfer restrictions and registration
rights relating to the Old Securities.

We will apply, through our listing agent, to have the New Securities listed on the Luxembourg Stock Exchange and admitted to trading on the
Euro MTF market. All of the Old Securities are currently listed on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market.

For more information, contact the Exchange Agent:

Deutsche Bank Trust Company Americas

c/o DB Services Americas, Inc.
Attn: Reorg Department
5022 Gate Parkway, Suite 200
Jacksonville, Florida 32256, USA
Telephone: (877) 843-9767

Documents in connection with the Exchange Offers are available at the office of the Luxembourg Listing Agent, Banque Internationale à
Luxembourg S.A., 69 route d’Esch, L-2953 Luxembourg, Grand Duchy of Luxembourg.

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Form 6-K https://www.sec.gov/Archives/edgar/data/0000932782/00011931252208...

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Petróleos Mexicanos

By: /s/ José Alberto Jiménez Hernández

José Alberto Jiménez Hernández
Associate Managing Director of Finance

Date: March 29, 2022

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Form 6-K https://www.sec.gov/Archives/edgar/data/0000932782/00011931252208...

FORWARD-LOOKING STATEMENTS

This report contains words, such as “believe,” “expect,” “anticipate” and similar expressions that identify forward looking statements, which
reflect our views about future events and financial performance. We have made forward looking statements that address, among other things, our:
• exploration and production activities, including drilling;
• activities relating to import, export, refining, transportation, storage and distribution of petrochemicals, petroleum, natural gas and
oil products;
• activities relating to our lines of business;
• projected and targeted capital expenditures and other costs;
• trends in international and Mexican crude oil and natural gas prices;
• liquidity and sources of funding, including our ability to continue operating as a going concern;
• farm outs, joint ventures and strategic alliances with other companies; and
• the monetization of certain of our assets.

Actual results could differ materially from those projected in such forward-looking statements as a result of various factors that may be beyond
our control. These factors include, but are not limited to:
• general economic and business conditions, including changes in international and Mexican crude oil and natural gas prices, refining
margins and prevailing exchange rates;
• credit ratings and limitations on our access to sources of financing on competitive terms;
• our ability to find, acquire or gain access to additional reserves and to develop, either on our own or with our strategic partners, the
reserves that we obtain successfully;
• the level of financial and other support we receive from the Mexican Government;
• global or national health concerns, including the outbreak of pandemic or contagious disease, such as the ongoing COVID-19
pandemic;
• effects on us from competition, including on our ability to hire and retain skilled personnel;
• uncertainties inherent in making estimates of oil and gas reserves, including recently discovered oil and gas reserves;
• technical difficulties;
• significant developments in the global economy;
• significant economic or political developments in Mexico and the United States;

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• developments affecting the energy sector;

• changes in, or failure to comply with, our legal regime or regulatory environment, including with respect to tax, environmental
regulations, fraudulent activity, corruption and bribery;
• receipt of governmental approvals, permits and licenses;
• natural disasters, accidents, blockades and acts of sabotage or terrorism;
• the cost and availability of adequate insurance coverage; and
• the effectiveness of our risk management policies and procedures.

Accordingly, you should not place undue reliance on these forward-looking statements. In any event, these statements speak only as of their dates,
and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.

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