Genneia S.A. Completes Inaugural High Yield Bond Offering
01.26.17
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Simpson Thacher represented Genneia S.A. in connection with its offering of US$350 million aggregate principal amount of 8.75% Senior Notes due 2022, in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. Genneia will use the proceeds from the offering to repay existing indebtedness, fund capital expenditures relating to its several expansion power projects in Argentina and for working capital purposes.
Genneia is an Argentine power company, primarily engaged in the generation of electrical power from both renewable (wind power generation) and conventional (thermal power generation) sources. Genneia is the leading wind power generation company in Argentina in terms of installed capacity.
The Simpson Thacher team included Juan Francisco Mendez and Adriana Pérez Cavazos (Capital Markets); and Jonathan Cantor and Michelle Goldring (Tax).