Clifford Chance

Clifford Chance advises on Gran Colombia's inaugural Rule 144A/Regulation S bond offering

New York: Leading international law firm Clifford Chance has advised BofA Securities, Inc., Canaccord Genuity Corp. and Morgan Stanley & Co. LLC, as initial purchasers in connection with the inaugural offering by Gran Colombia Gold Corp. (Gran Colombia) of US$300 million in 6.875% senior unsecured notes due 2026.

Gran Colombia is a Canadian-based mid-tier gold producer with a track record of mine building and operating in Latin America, and the largest underground gold and silver producer in Colombia. The company intends to use the net proceeds of the offering to (i) repay senior secured indebtedness and (ii) develop a gold and copper project in Guyana.

Lead partner Hugo Triaca commented: "We are proud to have supported our clients and Gran Colombia on the company's debut in the international debt capital markets and pleased we could draw on the strength of our Clifford Chance team to work collaboratively with our clients, the company and counsel teams in Canada, Colombia, Guyana, Panama and the US to execute a timely transaction."

Working with Hugo on this transaction was lead associate Anna Shepard in New York. The full team included tax partner Avrohom Gelber, ERISA partner Paul Koppel, associate Laura Clara Loaiza and foreign law clerk Maria Fernanda Gadea Rivera.

Clifford Chance advises on many of the landmark transactions in the Latin American market. The firm recently advised on the issuance by ISA Interchile of US$1.2 billion aggregate principal amount of 4.500% Senior Secured Notes, as well as Frontera Energy Corporation's completed Notes offering of US$350 million and related tender offer and consent solicitation.