Milbank LLP represented the initial purchasers in connection with the inaugural bond offering of Peruvian natural gas companies Pluspetrol Camisea S.A. and Pluspetrol Lote 56 S.A., as co-issuers, in a transaction pursuant to Rule 144A/Regulation S. The co-issuers will use proceeds from the US$500 million in aggregate principal amount of 6.240% senior unsecured notes due 2036 for repayment of indebtedness, capital and operating expenditures, and general corporate purposes.
The Milbank deal team was led by Corporate Finance and Securities partner Marcelo Mottesi, associates Alexia Raad and Elora Farias and international attorney Pamela Molina. The team also included Tax partner Andrew Walker and associate Michelle Song, as well as Executive Compensation and Employee Benefits partner Joel Krasnow.
“We are pleased to have advised the initial purchasers on the first bond offering by Pluspetrol,” said Marcelo Mottesi, chair of Milbank’s Corporate Finance and Securities practice and co-head of the firm’s Latin America group. “This marks another successful transaction for our firm in the Peruvian natural gas sector.”
