AI Candelaria’s $600 Million Notes Offering

White & Case advised AI Candelaria on the transaction.
Cuatrecasas, Davis Polk & Wardwell, Gómez-Pinzón and Brigard Urrutia advised the underwriters on the transaction

AI Candelaria executed its $600 million notes offering and $350 million tender offer and consent solicitation

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. acted as initial purchasers and dealer managers on the transaction.

AI Candelaria is a Spanish holding company whose sole activity is investing in shares of Oleoducto Central S.A., a Colombian crude oil transportation company that owns and operates the Ocensa Pipeline, the largest crude oil pipeline in Colombia.

White & Case advised AI Cancelaria (Spain), S.A. on the transaction.

Cuatrecasas advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. with  Jaime de la Torre Viscasillas, Rebeca Rodríguez Martínez, José Magán and María Esquisábel.

Davis Polk & Wardwell advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. with Michael Farber, Katia Brener, Shay Moyal, Maurice Blanco and James Vickers.

Gómez-Pinzón advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. with  Ricardo Fandiño De la Calle and Tonia Orozco Araújo.

Brigard Urrutia advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. with Carlos Fradique-Méndez, Luis Gabriel Morcillo, Ana María Barón and  Martín Peña Cuéllar.

Involved fees earner: Carlos Fradique Méndez – Brigard & Urrutia; Luis Gabriel Morcillo – Brigard & Urrutia; Martín Peña Cuéllar – Brigard & Urrutia; Jaime de la Torre – Cuatrecasas; José Magán – Cuatrecasas; Rebeca Rodríguez – Cuatrecasas; Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; Michael Farber – Davis Polk & Wardwell; Shay Moyal – Davis Polk & Wardwell; James Vickers – Davis Polk & Wardwell; Ricardo Fandino De La Calle – Gómez-Pinzón; Tonia Orozco Araújo – Gómez-Pinzón;

Law Firms: Brigard & Urrutia; Cuatrecasas; Davis Polk & Wardwell; Gómez-Pinzón;

Clients: Credit Suisse Securities (USA) LLC; JP Morgan Securities; SMBC Nikko Securities America;

Author: Federica Tiefenthaler