Promigas and Gases del Pacífico’s $120 Million Bond Offering

Philippi Prietocarrizosa Ferrero DU & Uría acted as Colombian and Peruvian counsel, and Davis Polk & Wardwell LLP, as U.S counsel, to J.P Morgan Securities LLC and Citigroup Global Markets Inc. Gómez Pinzón Abogados acted as counsel to Promigas S.A E.S.P, while Miranda & Amado Abogados, as counsel to Gases del Pacífico. White and Case acted as U.S counsel to the Co-Issuers on the deal.

Promigas and Gases del Pacífico executed the reopening of the bond issuance of 2019 for a total amount of 120,000,000 listed in the Singapore Exchange Securities Market.

J.P Morgan and Citigroup N.A acted as underwriters for the offering.

Promigas S.A. builds and operates pipelines for the distribution of natural gas. The Company is in the transmission and distribution businesses. Promigas also provides integrated solutions for the hydrocarbon industry and electrical power distribution.

Gases del Pacífico S.A.C. is a Peruvian natural gas distributor that, through the Quavii brand, serves 150,000 homes in the cities of Huaraz, Chimbote, Trujillo, Pacasmayo, Chiclayo, Lambayeque and Cajamarca. Subsidiary of Promigás, the Colombian natural gas distribution company, Gases del Pacífico also serves the industrial and transportation sector. Gases del Pacífico has been operating in the country since 2013.

Philippi Prietocarrizosa Ferrero DU & Uría advised the underwriters with Hernando Padilla (Partner; Picture), Antonio Guarniz (Partner PPU Perú), Ximena González (Junior Associate), and Fiorella Ruiz (Junior Associate PPU Perú).

Davis Polk & Wardwell advised the underwriters with Maurice Blanco, William A. Curran, Katia Brener, David Giron and Eitan Ulmer.

Gómez Pinzón Abogados advised Promigas with Ricardo Fandiño, Daniel Florez and Laura Villarreal Corredor.

Miranda & Amado advised Promigas S.A. E.S.P. and Gases del Pacífico with Juan Luis Avendaño Cisneros, Álvaro Del Valle Roeder and Daniela Higueras.

Involved fees earner: Maurice Blanco – Davis Polk & Wardwell; Katia Brener – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; David Giron – Davis Polk & Wardwell; Eitan Ulmer – Davis Polk & Wardwell; Ricardo Fandiño – Gómez-Pinzón; Ricardo Fandino De La Calle – Gómez-Pinzón; Daniel Flórez Linero – Gómez-Pinzón; Juan Luis Avendaño – Miranda & Amado Abogados; Álvaro del Valle Roeder – Miranda & Amado Abogados; Daniela Higueras – Miranda & Amado Abogados; Ximena González Cardozo – Philippi Prietocarrizosa Ferrero DU & Uría; Antonio Guarniz – Philippi Prietocarrizosa Ferrero DU & Uría; Hernando Padilla – Philippi Prietocarrizosa Ferrero DU & Uría; Fiorella Ruiz del Campo – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Davis Polk & Wardwell; Gómez-Pinzón; Miranda & Amado Abogados; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; Promigas S.A. E.S.P.;

Author: Ambrogio Visconti.