Repsol E&P prices record $2.5B bond offering in the US
What's the deal? Repsol E&PDealroom has a profile for this one. Try Dealroom →, the exploration and production arm of Spanish energy group Repsol, has priced $2.5 billion in bonds across three series in the US market. The debt was issued through indirect subsidiary Repsol E&P Capital Markets US LLCDealroom has a profile for this one. Try Dealroom →, with settlement expected September 16, 2025.
Why it matters: It is the largest US dollar offering in Repsol's history, and the first for the Repsol E&P Group — one of the largest independent international oil and gas producers.
Who's involved: Latham & WatkinsDealroom has a profile for this one. Try Dealroom → represented Repsol, with a corporate team led by partners Marc Jaffe, Ian Schuman, Nick Dhesi, and Manoj Tulsiani. The firm also advised on tax, environmental, ESG, compliance, antitrust, and ERISA matters.
The signal: Tapping the US bond market at this scale marks Repsol E&P's debut as a standalone borrower, giving the upstream business direct access to dollar capital and signaling its ambitions as an independent producer.
Image credit: jurvetson
