Simpson Thacher brokers $330 million debt offering for Energuate

Simpson Thacher & Bartlett advised Guatemalan energy distributors Energuate on an offering of $330 million of 5.875% Senior Notes due 2027. 

Energuate, the collective name for Guatemalan companies Distribuidora de Electricidad de Occidente and Distribuidora de Electricidad de Oriente, is one of the two large energy distributors in Guatemala and the largest distribution company in Central America measured by population served. The companies are wholly owned subsidiaries of Inkia Energy and IC Power.

The notes were issued by Intertrust SPV (Cayman) Limited, acting in its capacity as trustee of a trust established by Energuate. The notes are guaranteed by Energuate.

Simpson Thacher also acted for Energuate in connection with the underlying loan agreement among Energuate, Credit Suisse AG, Cayman Islands Branch and The Bank of New York Mellon, as administrative agent and account bank, and the purchase by the Cayman Islands trust of a 100% participation thereof, and in connection with two other loan agreements between Energuate and Banco Industrial.

Partner Juan Francisco Méndez led the Simpson Thacher team advising Energuate.

Ignacio Abella