Korean Refiner in $500 Million Offering

April 25, 2007

Cleary Gottlieb served as transaction counsel in GS Caltex Corporation’s $500 million 144A/Reg S offering of 5.50% notes due April 2017. The notes were listed on the Singapore Stock Exchange. Barclays Capital, Citigroup, Deutsche Bank Securities and Goldman Sachs International served as joint book-runners in the transaction, which priced on April 17 and closed on April 25.

GS Caltex is one of the largest petroleum refining companies in Korea, and a leading producer of certain petrochemical products. Cleary Gottlieb was transaction counsel in similar offerings in 2004, 2005 and 2006.