Cleary Gottlieb acted for Peruvian energy company Fenix on its first international debt issuance, a 144A/Reg S offering of $340 billion 4.317% senior notes due 2027.
Fenix Power Perú is an electric power generation company that owns and operates a thermal power plant in Peru. Fenix is owned by a consortium which includes Chilean energy company Colbún, the Abu Dhabi Investment Authority, and Sigma Fondo de Inversión en Infraestructura, one of the largest investment fund managers in Peru.
The joint lead managers and bookrunners for the offering are Citigroup Global Markets, Scotia Capital (USA) and SMBC Nikko Securities America. The transaction launched on September 7, priced on September 13 and is expected to close on September 20.
The team advising Fenix included partners Andrés de la Cruz, Adam Brenneman, and Erika Nijenhuis.