White & Case advises Puma Energy on US$500 million high yield senior notes issuance and cash tender offer for outstanding senior notes

Press Release
1 min read

Global law firm White & Case LLP has advised Puma Energy on the issuance of US$500 million 7.750% senior notes due 2029, as well as Puma Energy’s related cash tender offer of its outstanding 5.000% US dollar denominated senior notes due 2026.

The notes have been listed on the Luxembourg Stock Exchange’s Euro MTF market and offered and sold pursuant to Rule 144A and Regulation S of the US Securities Act. The proceeds of the offering were used to refinance a portion of Puma Energy’s outstanding senior notes due 2026, which Puma Energy accepted for purchase as part of the related tender offer.

Puma Energy is a global energy company and one of the largest independent fuel distributors in the world with operations in 37 countries, primarily across its two core regions Latin America and Africa.

The White & Case team that advised on the transaction was led by partners James Greene and Anna Soroka and included partners James Hardy, Melissa Butler (all London) and Chad McCormick (Houston) and associates Prema Govind, Greg Brown, Adebola Ogunsanya (all London) and Neil Clausen (Houston).

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