Zepos & Yannopoulos has advised global coordinator and joint bookrunner Citigroup Global Markets Europe AG on Motor Oil Corinth Refineries S.A.’s EUR 400 million 2.125% unsecured senior notes issuance due 2026. Bernitsas Law advised the issuer. Shearman & Sterling advised initial purchasers Citigroup Global Markets Europe, as well as the Alpha Bank, Eurobank, Goldman Sachs Bank Europe, HSBC Continental Europe, ING Bank, J.P. Morgan, National Bank of Greece, Nomura Financial Products Europe, Optima Bank, and Piraeus Bank.
Motor Oil Corinth Refineries is an Athens-based petroleum company focused on crude oil refining and retail of oil products.
According to Zepos & Yannopoulos, “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 Zepos & Yannopoulos team consisted of Partners Elena Papachristou, Daphne Cozonis, and Sofia Chatzigiannidou, Senior Associates Efthymis Naoumis, Ioanna Tapeinou, and Nikos Koukos, and Associate Vivian Efthymiou.
Bernitsas Law’s team included Partner Nikos Papachristopoulos and Junior Associate Kelly Hatzigaki.
Shearman & Sterling’s team consisted of London-based Partners Gordon Houseman, Kristen Garry, and Thomas Donegan, and Associates Daniel Kachmar, Iain Sneddon, and Olivia Merrett.
