Clifford Chance represents CLISA in consent solicitation
Clifford Chance has represented Compañía Latinoamericana de Infraestructura & Servicios (CLISA) in connection with its consent solicitation to the holders of its Senior Secured Notes due 2027.
CLISA requested the consent of holders of Notes to a proposed amendment relating to the method of payment of the January 2024 interest coupon under the Notes, which consisted of CLISA being able to pay 100% of the January 2024 interest coupon in kind, maintaining the total annual interest rate in 8.50%.
Pursuant to the indenture, the proposed amendment required the prior consent of holders representing not less than 75% of the aggregate principal amount of the outstanding Notes. CLISA successfully closed the Consent Solicitation after receiving consents from holders representing approximately 93.56% of the outstanding Notes.
Clifford Chance’s team included partner Hugo Triaca (pictured left) in New York, counsel Anja Pfleger Andrade in São Paulo, and associates Paula Ferreira and Tanecia Vasquez in New York. Partner Avrohom Gelber (pictured right) and associate Jason Sacks assisted in Tax matters.
