Linklaters Advised The Underwriters On SierraCol Energy’s US$650 Million High-Yield Financing

Linklaters advised the underwriters on SierraCol Energy’s US$650 million high-yield financing

The multinational law firm, Linklaters advised the underwriters on SierraCol Energy’s high-yield financing involving the issuance of senior notes with an aggregate principal amount of US$650 million. The bond proceeds were utilised to fund a tender offer for a portion of the company’s existing high-yield notes and to make a distribution to shareholders.

Linklaters also advised the lenders on the amendment and extension of SierraCol Energy’s US$150 million revolving credit facility.

SierraCol Energy is the largest independent exploration and production company in Colombia and is a portfolio company of The Carlyle Group.

The Linklaters high-yield team was led by Alexander Naidenov (Partner), supported by Dami Banire (Associate) and Juan Diego Tibaduiza (Associate).

The Linklaters RCF team was led by Pathik Gandhi (Partner) and Philip Lee (Partner), assisted by Andres Loera (Counsel), Matthew Bopp (Associate), Michal Folczyk (Associate), and Azura Wicaksono (Associate).

Specialist advice was provided by Omer Harel, Sean Solomon, Malak Toshani, Erika Jensen, and John Lindsay.

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