Shearman & Sterling advises Chilean power company on senior note offering

Shearman & Sterling advised Chilean power company AES Gener S.A. on its Rule 144A/Regulation S offering of US$425 million aggregate principal amount of its 5.000% senior notes due 2025.

 

AES Gener is engaged, directly and through its subsidiaries, in the generation, transmission and supply of electricity in Chile, Colombia and Argentina.

AES Gener used the net proceeds of the offering to repay project finance debt of its subsidiary, Empresa Eléctrica Nueva Ventanas S.A., as well as pay the purchase price and transaction costs in connection with the simultaneous local tender offer it undertook in Chile of its existing Chilean 8.0% Series Q Notes due 2019.

Any remaining funds will be used for general corporate purposes, including the working capital needs of its subsidiaries.

The Shearman & Sterling team included partners Antonia Stolper (New York-capital markets) and Alexandro M. Padrés (New York-Project Development & Finance).

Shearman & Sterling advises Chilean power company on senior note offering

Ben Cook

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram