Latham Represents SierraCol Energy in US$650 Million Senior Notes Offering, Tender Offer, and Revolving Credit Facility Refinancing

SierraCol Energy Limited has announced that SierraCol Energy Andina, LLC, SierraCol Energy Arauca, LLC, and Colombia Energy Development Co., wholly owned subsidiaries of SierraCol, have successfully priced an offering of US$650 million aggregate principal amount of 9.000% 5NC2 Senior Notes due 2030. In connection with the tender offer, SierraCol will refinance US$300 million of the outstanding principal amount of its 2028 Notes. 

Latham & Watkins LLP represented SierraCol in the senior notes offering, tender offer, and corresponding refinancing of the company’s revolving credit facility with a team led by Capital Markets partner Jason Licht and counsel Christopher Cronin, with associates Lucas Balchun and Kaan Ulgen, with assistance from Molly Mitchell and David Reed, and a finance team led by partners Jeff Chenard and Jennifer Kent, with associates Katie Prezioso and Kendall Crawford.