Cases & Deals

The Bank of Nova Scotia provides $80 million financing to ENAP for expansion of offshore O&G facilities

Clients Bank of Nova Scotia, The

Jones Day advised The Bank of Nova Scotia in connection with a US$80 million multi-draw term loan financing to ENAP Sipetrol Argentina S.A., a subsidiary of the Chilean state-owned company Empresa Nacional del Petróleo, a leading vertically integrated oil and gas E&P company in Latin America and the guarantor of the borrower's obligations under the loan facility. The proceeds of the loan draws will be used to finance capital expenditures related to the expansion of offshore oil and gas exploration and production facilities co-owned by the borrower and YPF S.A.