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Repsol Completes Debt Tender Offer for U.S. Dollar Bonds
- Client News
- March 23, 2016
Practices
Paul, Weiss client Repsol Oil & Gas Canada Inc., a Canadian
upstream oil and gas company, announced an any-and-all tender offer
to repurchase its 7.75% senior notes due 2019, 3.75% senior notes
due 2021, 7.25% debentures due 2027, 5.75% senior notes due 2035,
5.85% senior notes due 2037, 6.25% senior notes due 2038 and 5.50%
senior notes due 2042. The tender offer was conducted as a five
business day tender on the basis of the SEC's January 23, 2015
no-action letter. On March 31, Repsol completed settlement with
respect of its notes validly tendered by the expiration time and on
April 4, Repsol completed settlement with respect to the notes
tendered pursuant to the guaranteed delivery procedures. The dealer
managers for the transaction were HSBC Securities (USA) Inc. and
UBS Securities LLC.
The Paul, Weiss team included corporate partner Andrew Foley
and counsel Stephen Centa; and tax partner David Mayo.