Clifford Chance advises on MSU Green Energy notes
Clifford Chance has counseled Santander US Capital Markets LLC, as initial purchaser, on the issuance of US$130 million in additional 9.750% senior secured notes due 2036 by Argentine company MSU Green Energy. The transaction, structured as a reopening of an existing notes issuance, was conducted under Rule 144A and Regulation S of the US Securities Act of 1933, as amended.
Chocón Hidroeléctrica Argentina guarantees the notes issued by MSU Green Energy. Clifford Chance also advised DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH and Development Finance Institute Canada Inc. (FinDev), which participated in the transaction as development finance institution investors. The firm had previously advised the initial purchasers on the original offering of the notes.
The Clifford Chance team advising Santander US Capital Markets LLC was led by partner Hugo Triaca (pictured) in New York, together with associate Cristian Ragucci in São Paulo, foreign lawyer Juan Andres Bosch in Madrid, and foreign law clerk Natalie Jana Deradi in New York.
The team advising DEG was led by partner George Hacket in Frankfurt, with support from counsel Andrei Manea, also in Frankfurt. The team advising FinDev was led by partner Fabricio Longhin in Washington, DC, supported by associate Joyce Moore in New York.
