Gómez-Pinzón steers Enfragen on debt restructuring
Gómez-Pinzón counselled Enfragen and its Colombian guarantors on $1,76 billion refinancing loan
Gómez-Pinzón assisted power producer Enfragen and its Colombian guarantors on obtaining a $1,76 billion in debt to refinance its existing debt portfolio in Latin America.
The list of guarantors is formed by Prime Energía Colombia S.A.S., Prime Termoflores S.A.S. E.S.P, Prime Colombia Barranquilla S.A.S., Fontus Spain, S.L.U., Prime Energía III SpA, Prime Energía II SpA, Las Perlas Sur, S. de R.L., Las Perlas Norte, S. de R.L., Istmus Hydro Power, S. de R.L., Prime Energía QuickStart SpA, Generadora del Pacífico SpA, Generación de Energía Nueva Degan SpA, Empresa Eléctrica Diego de Almagro SpA and Generadora Antilhue SpA.
This operation includes the refinancing of existing debt of the Colombian subsidiaries with a syndicate of banks.
The transaction included two portions:
(i) a $1.05 billion five-year bank loan with a group of eight banks. JP Morgan and Scotiabank acted as global coordinators, with BNP Paribas, Intesa Sanpaolo, Mizuho, MUFG, Société Générale and SMBC. JP Morgan and Scotiabank were global coordinators on the bond deal as well as joint bookrunners, along with BNP Paribas, IMI Intesa Sanpaolo, Mizuho, MUFG, SMBC Nikko and Société Générale.
(ii) a bond offering under Rule 144A/RegS of the Securities Act of 1933 for an amount of $710 million, a 5.375% coupon and maturing in 10 years.
Gómez-Pinzón team was led by partners José Luis Suárez Parra (pictured left) and Juan David Quintero (pictured right), and involved senior associates Daniel Flórez Linero, Alejandro Sanabria, and Andrés Felipe Fonseca, associates Tonia Orozco and Álvaro Rueda, and junior associate Andrés Eduardo Gómez.
Enfragen in-house counsel was legal director Lina Montoya.
