Ocensa’s $500 Million Notes Offering

Shearman & Sterling acted as counsel to Oleoducto Central S.A. in connection with the offering, while Davis Polk advised the initial purchasers.

Oleoducto Central S.A. completed a public offering of $500 million aggregate principal amount of its 4.000 percent notes due 2027. BofA Securities, Inc. and Citigroup Global Markets Inc. acted as underwriters. This is Ocensa’s first international offering in six years.

Ocensa is a crude oil transportation company that owns and operates the Ocensa Pipeline, the largest crude oil pipeline in Colombia, covering 836 km on land and 12 km underwater. Ocensa is a majority-owned subsidiary of Ecopetrol S.A. (through its subsidiary Cenit Transporte y Logística de Hidrocarburos S.A.S.), the Colombian national oil and gas company and Colombia’s largest producer of crude oil and gas.

Shearman & Sterling acted as counsel to Oleoducto Central with Antonia E. Stolper (Picture), Grissel Mercado, Maria Marulanda Larsen, Michael L. Perez, and Gonzalo Robles.

Davis Polk advised the initial purchasers with a team which included partner Maurice Blanco and counsel Katia Brener.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; Maria Marulanda Larsen – Shearman & Sterling; Grissel Mercado – Shearman & Sterling; Michael Perez – Shearman & Sterling; Antonia Stolper – Shearman & Sterling;

Law Firms: Davis Polk & Wardwell; Shearman & Sterling;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Oleoducto Central S.A.;

Author: Ambrogio Visconti