Milbank LLP has provided legal advice on two significant debt transactions in Latin America, with a combined value exceeding $1.3 billion. The firm acted for the dealers in Banco de Crédito del Perú’s (BCP) $750 million notes offering and for the initial purchasers in Hunt Oil Company of Peru L.L.C., Sucursal del Peru’s (Hunt Oil Company) $630 million notes offering and concurrent tender offer.
In the BCP transaction, Milbank represented the dealers for the issuance of $750 million 6.450% subordinated fixed-to-fixed rate notes due in 2035, callable in 2030. BCP is recognized as a leading commercial bank under Peruvian law.
For Hunt Oil Company, Milbank advised the initial purchasers on their offering of $630 million 7.750% trust enhanced senior notes due 2038. The firm also represented dealer managers for Hunt Oil Company’s tender offer to repurchase its existing 6.375% trust enhanced senior notes due 2028 and 8.550% trust enhanced senior notes due 2033. Hunt Oil Company operates in oil and gas exploration and production both domestically within the United States and internationally.
“These two complex, high-value transactions underscore the continued strength and global relevance of Latin American issuers in the international capital markets,” said , chair of Milbank’s practice and co-head of the firm’s group.
The Milbank deal teams were led by Mr. Mottesi, supported by Corporate Finance and Securities special counsel . Associates assisted on the BCP deal, while associates Pamela Molina and supported the Hunt Oil transaction.
