Cases & Deals

  • Home
  • Practices
  • CITGO completes $1.1 billion Senior Secured Notes offering

Share

CITGO completes $1.1 billion Senior Secured Notes offering

September 2023

Client(s) CITGO Petroleum Corporation

Jones Day represented CITGO Petroleum Corporation ("CITGO"), a North American refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products, in connection with a Rule 144A and Regulation S offering of $1.1 billion aggregate principal amount of 8.375% Senior Secured Notes due 2029.

In connection with the offering, CITGO paid a dividend to its parent company, CITGO Holding, Inc., of approximately $1.12 billion to fund a portion of the redemption of all outstanding 9.25% CITGO Holding Senior Secured Notes due 2024.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.