Milbank LLP advised the initial purchasers in connection with Empresas Públicas de Medellín E.S.P. (“EPM”)’s Rule 144A/Regulation S offering of $1 billion aggregate principal amount of 7.950% senior unsecured notes due 2033. The notes were priced on November 5, 2026, and the transaction closed on November 10, 2026.
EPM intends to use the proceeds for general corporate purposes, other than investments. EPM is Colombia’s largest public energy and water utility services company.
The Milbank team was led by Corporate Finance and Securities partner Carlos Albarracín. The team also included Corporate Finance and Securities associate Agustin Videla and international attorney Josefina Arana; Tax partner Andrew Walker and associates Erika Jensen and Seth Moreida; and Global Risk and National Security partner Bijan Ganji and associate Melis Ulusel.
