Simpson Thacher assists ContourGlobal with $525m refinancing
Simpson Thacher has assisted ContourGlobal in the USD $525 million refinancing of a 518 MW portfolio of natural gas CHP cogeneration plants located along the Gulf of Mexico in Cosoleacque and Altamira.
The plants serve a number of large industrial, commercial and manufacturing customers in Mexico, providing a more energy-efficient thermal power source with lower emissions.
The transaction involved the issuance of $252 million in private placement notes and $273 million in bank loans.
Simpson Thacher’s team consisted of partners Claire Williams (pictured left) and Gil Strauss (pictured right), counsel Srishti Gupta, and associates Lauren Bugler, Jennifer Falconer Hall and Busra Kakdas.
