International law firm Clifford Chance advised OCI Global, a leading producer and distributor of nitrogen, methanol and hydrogen products, in connection with the establishment of its U.S.$2.0 billion global medium term note programme and issuance of U.S.$600 million 6.70 percent notes due 2033 under the programme. OCI will use the net proceeds of the Rule 144A and Regulation S offering for general corporate purposes.
Clifford Chance has previously advised OCI on multiple financing transactions, including in relation to the company’s senior credit facilities and multiple offerings of senior secured notes. This transaction represents OCI’s debut capital markets offering following its achievement of investment grade status in 2022.
Clifford Chance advised OCI on all aspects of the programme establishment and notes offering, providing integrated U.S., English and Dutch legal advice. Clifford Chance’s London-based capital markets team advising OCI was led by partner Paul Deakins and senior associate Drew Rundus, with key contributions from partner Johannes Juette, senior associates Regan Devers and Nigel Leong and associate Brian Chen. Dutch legal advice was provided from Amsterdam by partner Jurgen van der Meer, counsel Dewi Walian and associate Marina Sarkisjan.