30 October, 2020 Regional

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

Banking, Finance and Capital Markets

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 (Senior Associate PPU Perú).

Gómez Pinzón Abogados advised Promigas with Ricardo Fandiño (Partner) and Daniel Florez (Senior Associate).

Involved fees earner: Ricardo Fandiño – Gómez Pinzón; Daniel Flórez Linero – Gómez Pinzón; 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: Gómez-Pinzón; Philippi Prietocarrizosa Ferrero DU & Uría

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

Source: Global Legal Chronicle

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