Simpson Thacher represented Río Energy S.A., UGEN S.A., and UENSA S.A., as co-issuers (collectively, “MSU Energy”), in connection with the private placement of US$250 million aggregate principal amount of secured floating rate notes due 2023, in reliance upon Section 4(a)(2) and Regulation S under the Securities Act.
MSU Energy owns and operates power generation projects in Argentina and forms part of the MSU Group, a diversified conglomerate that is a leading player in the Argentine agribusiness sector, with operations in Argentina and throughout the region.
MSU Energy will use the proceeds to expand the installed generation capacity of their three power plants, increasing aggregate installed capacity from 450 MW to 750 MW.
The Simpson Thacher team included Juan F. Méndez, Juan M. Naveira and Enrique Güijosa (Capital Markets); Bill Smolinski (Tax); and Shahpur K. Kabraji (Banking and Credit – London).