The proceeds of the offering, together with cash on hand, were used to redeem and refinance the Issuer's outstanding USD 650 million 9.375% senior secured notes due 2029.
The transaction extends Constellation’s debt maturity profile, secures improved financing terms and enhances financial flexibility to support the company’s long-term strategic objectives.
Our firm provided advice from a capital markets, finance and tax perspective, covering a wide range of Luxembourg and Dutch legal and tax aspects relating to both the notes issuance and the related security package.
Constellation Oil is a provider of oil and gas contract drilling and production services in Brazil.
