Clifford Chance acted on Colombian TGI tender deal worth US$155 million
Clifford Chance acted on Colombian TGI tender deal worth US$155 million
Clifford Chance acted as the sole dealer manager, based on the Colombian Mining and Energy Planning Unit (Unidad de Planeación Minero Energética) information. The team advised Itau BBA USA Securities, Inc. in association with a tender offer by Transportadora de Gas Internacional S.A. E.S.P. (TGI), a public utility company.
It was structured under the laws of the Republic of Colombia and the largest natural gas transportation company in the country, in terms of kilometers of pipeline assets.
TGI mitigated its foreign exchange risk notably by repurchasing its outstanding 5.550 percent Senior Notes due 2028 for a total of US$155,854,000 in accordance with the takeover bid.
The Clifford Chance team comprised partners Hugo Triaca and Avrohom Gelber, attorney David Rondon, associate Wei Bin Tan and foreign law clerk Adriana Cabal Gutierrez.
