By William Gullotti
Buffalo, N.Y., June 9 – PetroRio Luxembourg Sarl priced $600 million of 6 1/8% senior secured notes due 2026 (B1), according to a listing notice.
They are guaranteed by Petro Rio SA.
Morgan Stanley & Co., LLC, Itau BBA USA Securities, Inc., Banco BTG Pactual SA Cayman Branch, Banco Safra SA (Cayman Islands Branch) and Santander Investment Securities Inc. were the joint bookrunners for the Rule 144A and Regulation S notes.
Proceeds, according to a Moody’s Investors Service press release, will be used to refinance debt and for general corporate purposes
Based in Rio de Janeiro, the issuer is an oil and gas company and a direct subsidiary of Petro Rio SA.
| Issuer: | PetroRio Luxembourg Sarl
|
| Guarantor: | Petro Rio SA
|
| Amount: | $600 million
|
| Maturity: | June 9, 2026
|
| Securities: | Senior secured notes
|
| Bookrunners: | Morgan Stanley & Co., LLC, Itau BBA USA Securities, Inc., Banco BTG Pactual SA Cayman Branch, Banco Safra SA (Cayman Islands Branch) and Santander Investment Securities Inc.
|
| Coupon: | 6 1/8%
|
| Settlement date: | June 9
|
| Listing date: | June 10
|
| Rating: | Moody’s: B1
|
| Distribution: | Rule 144A and Regulation S
|
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