Genneia S.A. Completes High Yield Notes Offering
Simpson Thacher represented J.P. Morgan Securities LLC, Santander US Capital Markets LLC, BBVA Securities Inc. and Balanz Capital UK LLP, as initial purchasers, in connection with the offering and sale by Genneia S.A. of US$310 million aggregate principal amount of 7.750% Senior Notes due 2033. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act. Genneia also raised an additional US$90 million aggregate principal amount of 7.750% Senior Notes due 2033 in a concurrent private placement with development finance institutions. The net proceeds will be used to finance or refinance green projects of Genneia.
Genneia is the leading renewable energy platform in Argentina. It operates the country’s largest wind and solar farms, complemented by strategically located thermal capacity.
The Simpson Thacher team included Juan Francisco Mendez, Marcelo B. Lorenzen, Jon Vicuña and Maria Belen Di Cola (Capital Markets); and Michael Mann (Tax).