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White & Case Advises AI Candelaria on US$50 Million Notes Issuance

Global law firm White & Case LLP has advised AI Candelaria (Spain), S.A., a portfolio company of I Squared Capital, on the issuance of US$50 million in aggregate principal amount of its existing 7.500% senior secured notes due 2028 in a Rule 144A/Regulation S offering. The notes are listed on the Singapore Exchange Securities Trading Ltd.

AI Candelaria is a Madrid-based holding company that owns an interest in Oleoducto Central S.A., the owner and operator of the largest crude oil pipeline in Colombia.

The White & Case team was led by partners Andrew Weisberg and Marwan Azzi, and included partners Bibiana Jaimes and Ray Simon, associates Abigail Simon, Andrea Rodriguez and Kyle Ezzedine (all in New York); partner Yoko Takagi and associate Reyes Carvajal (both in Madrid); and associates Rebeca Garcia-Lopez and Diego Canepa Fernandez (both in Mexico City).

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