Clifford Chance advises on TRECSA’s issuance of notes guaranteed by Grupo Energía Bogotá

Global law firm Clifford Chance has advised Transportadora de Energía de Centroamérica, S.A. (TRECSA) and Grupo Energía Bogotá S.A. E.S.P. (GEB), in connection with TRECSA’s issuance of US$110 million aggregate principal amount of notes guaranteed by GEB, in a private placement under Section 4(a)(2) of the US Securities Act of 1933. The notes issuance marks GEB’s first private placement in this format.

TRECSA is a subsidiary of GEB based in Guatemala, that provides management, development, operation and maintenance services for energy transport infrastructure.

The Clifford Chance team advising on the deal was led by partner Hugo Triaca and included associates David Rondon and Adriana Cabal Gutierrez. Partner Avrohom Gelber advised on tax matters, and partner Jefferey LeMaster and associates Jillian Leavey and Emily Picard provided ’40 Act advice.

Clifford Chance advises on many transactions in Latin American energy sector, including on the first sustainable bond issuance by GEB in 2023, and on CMI’s inaugural green bond issuance in 2021.