Zepos & Yannopoulos acted as Greek legal counsel to Citigroup Global Markets Europe AG, in its capacity as Global Coordinator and Joint Bookrunner, in relation to the issuance by Motor Oil of EUR 400 million 2.125% unsecured senior notes due 2026 (the “Offering”). The notes will mature on 19 July 2026.
Motor Oil will use the proceeds of the Offering to redeem the EUR 350 million principal amount 3.250% senior notes due 2022 issued by its wholly-owned subsidiary, Motor Oil Finance plc, including payment of accrued and unpaid interest, to pay fees and expenses in connection with the Offering and for general corporate purposes.
The transaction is the second direct issuance by a Greek corporate to the international capital markets.
Citigroup Global Markets Europe AG is Global Coordinator and Joint Bookrunner, Alpha Bank S.A., Eurobank S.A., Goldman Sachs Bank Europe SE, HSBC Continental Europe S.A., ING Bank N.V., J.P. Morgan AG, National Bank of Greece S.A., Nomura Financial Products Europe GmbH, Optima bank S.A. and Piraeus Bank S.A are Joint Bookrunners in connection with the Offering.
The Zepos & Yannopoulos team was led by partner Elena Papachristou, assisted by senior associate Efthymis Naoumis and associate Vivian Efthymiou. Partner Daphne Cozonis and senior associate Ioanna Tapeinou advised on tax matters, and partner Sofia Chatzigiannidou and senior associate Nikos Koukos advised on energy regulatory aspects.