July 2018
Frontera US$350 million Notes Offering
The Canadian oil & gas company Frontera Energy Corporation recently issued senior unsecured notes of USD 350 million, at a coupon rate of 9.70% and maturity in 2023. The transaction, which closed at the end of June, involved Frontera Energy Corporation’s subsidiaries in The Bahamas.
Lennox Paton was retained as Bahamas counsel to Frontera to advise in relation to Bahamian law aspects of the offering, which involved a guarantee being given by a Bahamas domiciled subsidiary of the issuer. Leading the Lennox Paton team in this transaction were partners Castino Sands and Michael Paton.
