Global law firm Proskauer closed a $750 million issuance of 5.625% Senior Notes due 2025 for Pacific Rubiales Energy Corp., the Canadian oil and gas company with operations principally in Colombia as well as interests in six other countries.

The issuance of these high-yield notes was made pursuant to Rule 144A/Regulation S. BofA Merrill Lynch and Citigroup acted as joint lead managers and bookrunners. The proceeds of the offering were used to repay shorter term indebtedness.

Other recent matters Proskauer has handled for Pacific Rubiales include its restructuring of $1.25 billion in debt in May of this year and two high-yield offerings in December 2013 to finance the acquisition of Petrominerales, which was recognized by Canadian Dealmakers as “Foreign Outbound (Global) Deal of the Year.”
The Proskauer deal team included head of the Latin America Practice Group Carlos Martinez; associates Michael McCourt, Victor Lopez and José Rocha (Corporate); and partner Marty Hamilton and law clerk Jeremy Peskin (Tax).