GL-2A
ActiveGeneral License 2A – Authorizing Certain New Debt, New Equity, and Securities Transactions Involving PDV Holding, Inc. and CITGO Holding, Inc.
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Summary
General License 2A authorizes all transactions and activities otherwise prohibited by Subsections 1(a)(i), 1(a)(ii), and 1(b) of E.O. 13808 (as amended) or the E.O. of August 5, 2019, where the only Government of Venezuela entities involved are PDV Holding, Inc. (PDVH), CITGO Holding, Inc., or any of their subsidiaries. It does not authorize transactions independently prohibited by other listed Executive Orders or 31 C.F.R. chapter V. This license replaces and supersedes General License No. 2, dated August 25, 2017, in its entirety, effective August 5, 2019.
Authorized activities
- New debt transactions involving PDV Holding, Inc. (PDVH), CITGO Holding, Inc., or any of their subsidiaries
- New equity transactions involving PDV Holding, Inc. (PDVH), CITGO Holding, Inc., or any of their subsidiaries
- Securities transactions involving PDV Holding, Inc. (PDVH), CITGO Holding, Inc., or any of their subsidiaries
Conditions
The license does not authorize any transaction that is otherwise prohibited by E.O. of August 5, 2019, or E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13850 of November 1, 2018, E.O. 13808, or E.O. 13692 of March 8, 2015 (each as amended by E.O. 13857), or by any part of 31 C.F.R. chapter V.