Global law firm Clifford Chance has advised Santander US Capital Markets LLC, as initial purchaser, in connection with an issuance of US$130 million aggregate principal amount of additional 9.750% senior secured notes due 2036 (the Notes) by MSU Green Energy S.A. (MSU Green Energy), in a reopening transaction conducted pursuant to Rule 144A and Regulation S under the US Securities Act of 1933, as amended. The obligations of MSU Green Energy under the Notes are guaranteed by Chocón Hidroeléctrica Argentina S.A.
The firm also advised DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and Development Finance Institute Canada Inc. (FinDev) as DFI investors in the Notes reopening transaction.
The team advising Santander US Capital Markets LLC was led by partner Hugo Triaca (New York) and included associate Cristian Ragucci (São Paulo), foreign lawyer Juan Andres Bosch (Madrid) and foreign law clerk Natalie Jana Deradi (New York). The team advising DEG was led by partner George Hacket (Frankfurt) with support from counsel Andrei Manea (Frankfurt). The team advising FinDev was led by partner Fabricio Longhin (Washington, DC) and supported by associate Joyce Moore (New York).
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