Harvest Operations Corp.’s $397.5 Million Guaranteed Notes Offering

Cahill represented the initial purchasers in connection with an offering of $397,500,000 aggregate principal amount of 4.200% guaranteed notes due 2023 by Harvest Operations Corp., an energy, oil and gas exploration and production company and guaranteed by Korea National Oil Corporation.

SMBC Nikko Securities America, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint bookrunners and lead managers for the offering

Proceeds from the offering were used to refinance existing indebtedness.

Harvest is a wholly-owned subsidiary of Korea National Oil Corporation (“KNOC”). Harvest is a significant operator in Canada’s energy industry offering stakeholders exposure to exploration, development and production of crude oil and natural gas (Upstream) and an oil sands project under construction and development in northern Alberta (BlackGold).

Cahill advised with a team including Christopher W. Clement (Picture), Luis R. Penalver, Daniel Anderson, Kristina K. Bergess and Rebecca Rosen-Sheff.

Involved fees earner: Christopher Clement – Cahill Gordon & Reindel; Luis Penalver – Cahill Gordon & Reindel; Daniel Anderson – Cahill Gordon & Reindel; Kristina Bergess – Cahill Gordon & Reindel; Rebecca Rosen-Sheff – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; Smbc Nikko Capital Markets Limited;

Author: Ambrogio Visconti