25 04 2016

Repsol Oil & Gas Canada Inc.'s $600.8 Million Cash Tender Offers to Purchase Outstanding Notes

Simpson Thacher represented HSBC Securities (USA) Inc. and UBS Securities LLC as dealer managers in connection with the tender offers by Repsol Oil & Gas Canada Inc. to purchase for cash any and all of its outstanding 7.75% Senior Notes due 2019, 3.75% Senior Notes due 2021, 7.25% Debentures due 2027, 5.75% Senior Notes due 2035, 5.85% Senior Notes due 2037, 6.25% Senior Notes due 2038 and 5.5% Senior Notes due 2042 (collectively, the “Notes”). The tender offers were conducted on the basis of the five business day tender offer protocols.


The tender offers were conducted on the basis of the five business day tender offer protocols. The tender offers expired on March 29, 2016 and settlement for the tender offers occurred on March 31, 2016 (with guaranteed delivery settlement occurring on April 4, 2016). Approximately $600.8 million in aggregate principal amount of Notes were validly tendered and accepted. Repsol Oil & Gas Canada Inc. is an upstream oil and gas company, incorporated in Canada and is a wholly owned subsidiary of the Spanish integrated energy company Repsol, S.A. The Simpson Thacher team for the transaction included John Lobrano (Picture), Marisa Stavenas, Tony Rim and Josh Dell (Capital Markets); and Jonathan Cantor and Taylor Alexander (Tax). Involved fees earner: John Lobrano - Simpson Thacher & Bartlett; Marisa Stavenas - Simpson Thacher & Bartlett; Tony Rim - Simpson Thacher & Bartlett; Joshua Dell - Simpson Thacher & Bartlett; Jonathan Cantor - Simpson Thacher & Bartlett; Taylor Alexander - Simpson Thacher & Bartlett;

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