Davis Polk advised the initial purchasers on a Rule 144A and Regulation S reopening of $50 million aggregate principal amount of 7.500% senior secured notes due 2028 of AI Candelaria (Spain), S.A.

AI Candelaria is a Spanish holding company whose sole activity is investing in shares of Oleoducto Central S.A., a Colombian crude oil transportation company that owns and operates the Ocensa Pipeline, the largest crude oil pipeline in Colombia.

The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener. The tax team included partner Michael Farber and associate Shay Moyal. All members of the Davis Polk team are based in the New York office.

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