Rubio, Leguia, Normand advised Petróleos del Perú – Petroperú in the Consent Solicitation and Receipt of Requisite Consents to a Proposed Amendment to the Indentures Governing its Notes due 2032 and 2047, respectively, regarding a term increase of Petroperu´s obligations to deliver audited financial statements from the past fiscal year (2022), in accordance with the terms of the existing Indentures.
The consent solicitation was successfully executed on June 06, 2023, having obtained the requisite consents under the Indentures for approval.
The transaction also involved the participation of other law firms, such as Clifford Chance, Simpson Thacher & Bartlett LLP y el Estudio Echecopar.
“The obtention of the requisite consent under the indentures is clear proof of international investor confidence regarding Petroperu´s solid financial strength and governance capabilities to meet its disclosure obligations in a transparent and timely manner with its investors and the market”.
Andrés Kuan-Veng (Rubio Leguía Normand - Partner)
TRANSACTION VALUE
US$ 3 billion.
CLOSING DATE
June 06, 2023