Holland & Knight instructed on $500 million Argentinean project bond

Holland & Knight advised Stoneway Capital in a $500 million Rule 144A/Regulation S project bond offering and related matters. 

Stoneway Capital private energy developer and this transaction provides financing for the development, procurement, construction and operation of four simple-cycle power generating plants totaling 686.5 MW in the Buenos Aires region of Argentina.

Jefferies acted as global coordinator and, with Seaport Global Securities, acted as underwriters and joint-bookrunning managers of the offering. The transaction also included a $115 million secured loan from Siemens Financial Services to finance equity in the structure and an additional equity investment by SoEnergy International, a Florida-based energy developer.

The deal is the first greenfield power generation project bond out of Argentina in more than 25 years.

Partners Norberto Quintana and Stephen Double led the Holland & Knight advising Stoneway Capital.

Ignacio Abella