Conyers São Paulo advises Queiroz Galvao on Bond Sale - August 2011

Alan Dickson, Chiara T. Nannini • Posted 10/08/2011 • Under Deals & Cases

Conyers advised Brazilian company Queiroz Galvão Óleo e Gás on the offer and issuance of US$700 million in notes by QGOG Atlantic/Alaskan Rigs Ltd. on July 27, 2011 to refinance the drilling rigs Atlantic Star and Alaskan Star.

Alan Dickson and Chiara Nannini of Conyers’ São Paulo office advised Queiroz Galvão, alongside Milbank in New York and Arias, Fabrega & Fabrega in Panama.

White & Case acted as New York Counsel to Santander Investments Securities Inc, HSBC Securities (USA) Inc and Citigroup Global Markets Inc. (the initial note purchasers). Dewey LeBoeuf's New York office advised Deutsche Bank Trust Company Americas, the collateral agent, trustee, registrar, transfer agent and paying agent for the new notes.

The notes were issued as part of the financing strategy of the oil and gas services arm of the Queiroz Galvão group, a Brazilian conglomerate involved in developing large-scale projects in various sectors. The Queiroz Galvão group has more than 30 years of continuous experience in exploration and production in the oil and gas sector and currently is the largest privately-held Brazilian contract drilling and drilling-related services conglomerate, by number of drilling units in operation, mobilization and under construction.

As the only offshore law firm with an office in Brazil, Conyers provides prompt, relationship-driven advice to clients in São Paulo and throughout Brazil.