Pérez, Llorca – Gómez Pinzón S.A.S. acted as legal advisor to Petróleos del Milenio S.A.S.; Petromil Gas S.A.S. E.S.P.; Transoil de Colombia S.A.S.; Terminal de Líquidos de Barranquilla S.A.S.; Comercial Avanade S.A.S.; and Avanade Capital Holding S.A.S. (collectively, the “Grupo Petromil”) on a syndicated loan granted by Banco de Occidente S.A.; Banco AV Villas S.A.; Banco de Bogotá S.A.; Bancolombia S.A.; Banco Bilbao Vizcaya Argentaria Colombia S.A.; Banco Santander de Negocios Colombia S.A.; and Scotiabank Colpatria S.A. for an amount of up to COP 797.5 billion.
The facility is divided into a long-term tranche and a short-term revolving credit. The funds obtained under the long-term tranche will be used by Grupo Petromil to novate and refinance its existing debt. On the other hand, the funds from the revolving tranche will be used to cover Grupo Petromil’s needs for working capital, liquidity, and investment.
This transaction represents Grupo Petromil’s first long-term credit structure.
Team
Daniel Londoño – Socio Banca, Finanzas y Mercado de Capitales.
Sara Ferrer – Asociada Banca, Finanzas y Mercado de Capitales.
Santiago Parra– Asociado Banca, Finanzas y Mercado de Capitales.