Simpson Thacher Represents Infinis in £350 Million Senior Notes Offering
02.21.13
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Simpson Thacher represented Infinis plc (“Infinis”), in connection with the issue by Infinis of £350 million aggregate principal amount of 7.0% Senior Notes due 2019. The notes are secured by a first-priority security interest in the share capital of Infinis. The net proceeds of the offering have been used to repay Infinis’ outstanding £275 million senior notes due 2014 and for other corporate purposes. Additionally, Simpson Thacher represented Infinis Energy Holdings Limited (the immediate parent of Infinis) in connection with a new secured revolving credit facility.
Infinis is a leader in the UK landfill gas-to-electricity market. With 121 operating sites across the UK and power generation installed capacity of 336 MW, Infinis annually exports approximately 2,002 GWh of electricity to the grid, which accounts for approximately 5.7% of the UK’s annual renewable electricity generation.
The Simpson Thacher team included Nicholas J. Shaw, Sinjini Saha and Tom Merrifield (Capital Markets); Antti Pesonen, Lucy Jenkins and Richard Kiveal (Credit); and Meredith B. Jones and Sean M. Fitzgerald (Tax).