Latham Represents Repsol E&P in US$2.5 Billion Bond Offering

Repsol E&P S.à r.l. (Repsol E&P), the holding company of the exploration and production (Upstream) business of Repsol, S.A. (Repsol) Group, through its indirect wholly owned subsidiary Repsol E&P Capital Markets US LLC, has successfully priced the issuance of three series of bonds for an aggregate amount of US$2.5 billion in the US market (the Offering). This is the largest offering in US dollars in Repsol’s history and at the same time the first for the Repsol E&P Group, one of the largest international, independent oil and gas producers. The Offering is expected to be settled on September 16, 2025.

Latham & Watkins LLP represented Repsol in the Offering with a corporate team led by partners Marc Jaffe, Ian Schuman, Nick Dhesi, and Manoj Tulsiani, with associates Kaj Nielsen, Sarah Rodrigue, Carolina Gori, Caitlyn Fiebrich, Armaan Bhimani, and Jennifer Pitsch. Advice was also provided on tax matters by partners Tim Fenn, Jared Grimley, and Karl Mah, with associate Johnny Zhuang; on environmental matters by partners Joshua Marnitz and Michael Green, with associates Brandon Kerns and James Bee; on ESG matters by partner Betty Huber; on compliance matters by partners Charles Claypoole and Eric Volkman, with associates Ragad Alfaraidy and Thomas Lane; on antitrust matters by partner Jonathan Parker; and on ERISA matters by partner Adam Kestenbaum and counsel Krisa Benskin.