Promigas S.A. E.S.P. and Gases del Pacífico S.A.C. $400 Million Notes Offering
Davis Polk advised the initial purchasers in connection with the offering by Promigas S.A. E.S.P. and its subsidiary Gases del Pacífico S.A.C., as co-issuers, of $400 million aggregate principal amount of their 3.750% notes due 2029. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
Promigas is an integrated services conglomerate that participates in the natural gas and power sectors in Colombia and Peru. In Colombia, Promigas is the only vertically-integrated natural gas company allowed by Colombian law to operate both in the gas transportation and gas distribution sectors. In Peru, Promigas is also a strong player with a market share of 92% in the natural gas distribution segment through its subsidiary Gases del Pacífico and other related companies.
The Davis Polk corporate team included partner Maurice Blanco, counsel Katia Brener and associate Thomas Chen. The tax team included partner William A. Curran and associate Tomislava Dragicevic. All members of the Davis Polk team are based in the New York office.