Leading Oil Refiner in Korea in $450 Million Offering

June 19, 2008

Cleary Gottlieb served as transaction counsel in SK Energy Co., Ltd.’s $450 million Reg S offering of 7.00% notes due 2013. The notes were listed on the Singapore Stock Exchange. Citi, Goldman Sachs International, Merrill Lynch International, Morgan Stanley and UBS Investment Bank served as joint lead managers and joint book-runners in the deal, which priced on June 12 and closed on June 19.

SK Energy is the leading petroleum refiner and one of the leading petrochemical manufacturers in Korea.