AI Candelaria Initiates Tender Offer for Senior Secured Notes
Deal News | Jul 23, 2025 | White & Case LLP
The global law firm White & Case LLP has provided legal guidance to AI Candelaria (Spain), S.A., a company under the ownership of I Squared Capital and Grupo Romero, on a tender offer concerning its 7.500% Senior Secured Notes due in 2028. AI Candelaria, headquartered in Madrid, is a holding company that possesses an interest in the Colombian enterprise, Oleoducto Central S.A., which operates the country's largest crude oil pipeline. The legal endeavor was spearheaded by Andrew Weisberg, a partner specializing in Capital Markets at White & Case.
Sectors
- Legal Services
- Oil & Gas
- Capital Markets
Geography
- Spain – AI Candelaria is a Madrid-based company.
- Colombia – Oleoducto Central S.A., part of AI Candelaria's holdings, operates in Colombia.
Industry
- Legal Services – The article involves a legal advisory role played by a law firm in a financial transaction.
- Oil & Gas – AI Candelaria owns an interest in a company operating the largest crude oil pipeline in Colombia.
- Capital Markets – The tender offer for senior secured notes involves activities in capital markets.
Financials
- 7.500% – The interest rate of the senior secured notes due 2028.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AI Candelaria (Spain), S.A. | Target | Company | A Madrid-based holding company owning an interest in Oleoducto Central S.A. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising AI Candelaria on the tender offer. |
| I Squared Capital | Ownership | Company | One of the owners of the portfolio company AI Candelaria. |
| Grupo Romero | Ownership | Company | One of the owners of the portfolio company AI Candelaria. |
| Oleoducto Central S.A. | Subsidiary | Company | Owns and operates the largest crude oil pipeline in Colombia. |
| Andrew Weisberg | Lead Advisor | Person | Capital Markets partner at White & Case leading the advisory team. |