MSU Green Energy S.A. Completes Inaugural US$400.0 Million Senior Notes Offering
Simpson Thacher represented MSU Green Energy S.A. (“MSU Green”) in connection with its inaugural international offering of US$400.0 million principal amount of its 9.750% Senior Notes due 2036. The offering of the notes was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act.
The proceeds of the offering will be used to refinance existing indebtedness, including the repayment of certain facilities incurred in connection with the acquisition of the Chocón Hydroelectric Power Complex, and to fund capital expenditures for renewable energy projects, including solar and battery energy storage systems, as well as for general corporate purposes.
MSU Green is Argentina’s largest pure-play renewable energy platform in terms of installed renewable generation capacity, with a diversified portfolio of hydroelectric and solar power generation assets.
The Simpson Thacher team for the transaction included Juan M. Naveira, Marcelo B. Lorenzen and Taisa Sani (Latin America - Capital Markets); and Michael E. Mann (Tax).