Compañía General de Combustibles $300 million senior notes offering
We advised the representatives of the initial purchasers on the offering
Davis Polk advised the representatives of the initial purchasers in connection with the offering of $300 million aggregate principal amount of 11.875% senior notes due 2030 issued by Compañía General de Combustibles S.A. (CGC). The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
CGC is a leading independent energy company operating in Argentina, engaged in the development, production and exploration of crude oil and natural gas. CGC also has significant equity investments in a network of pipelines in northern and central Argentina and Chile.
The Davis Polk corporate team included partner Maurice Blanco, counsel Drew Glover and associate José Miguel Fernández Mejía. The tax team included partner Kara L. Mungovan and associate Hunter P. Shaw. Members of the Davis Polk team are based in the New York and Northern California offices.