Simpson Thacher represented Energia Group ROI FinanceCo DAC (the “Issuer”) in connection with its Rule 144A/ Regulation S offering of €600 million aggregate principal amount of 6.875% Senior Secured Notes due 2028. The transaction closed on July 31, 2023.
The proceeds from the offering, together with cash on balance sheet were used to redeem the group’s outstanding 4.75% Senior Secured Notes due 2024 and 4% Senior Secured Notes due 2025, jointly issued by Energia Group NI FinanceCo PLC and Energia Group ROI Holdings DAC and to pay transaction costs.
The Issuer is a wholly owned subsidiary of Energia Group Limited (“Energia”). Energia is a portfolio company of I Squared Capital and is a leading vertically integrated utility business in Northern Ireland and the Republic of Ireland. Energia operates through three business units comprising of renewables, flexible generation and customer solutions.
The Simpson Thacher team included Nicholas J. Shaw, Carol Daniel, Surya Bala, Alexander Yeagley, Kobi Barkan and Eusebio Lopez (Capital Markets); Charley Xu, Margareta Chlubnova and Toni Prskalo (Credit); Michael E. Mann, Yash Rupal, Caleb McConnell and Daisy Yue Dai (Tax).