Puma Energy, US$750 million Bond Issue, Switzerland
2014
STJ acted as independent advisor to Puma Energy, one of the leading global mid- and downstream petroleum products companies, on its debut US$750 million 6.75% BB rated Senior Notes due 2021. After extensive pre-marketing in Europe and the US, which established high levels of early interest from major institutional investors, the Company upsized the offer from US$500m to US$750m. The debut issue is a milestone in Puma Energy's history, allowing the Company to diversify its funding sources and elongate the maturity profile of its debt.
