Represents the first exchange offer in Argentina replacing standard bonds with green bonds
Linklaters has advised Genneia S.A. (“Genneia”) on the exchange offer and consent solicitation relating to its 8.750% Series “XX” Notes due 2022 and Notes due January 22, 2022 (“Existing Notes”) for newly issued 8.750% Senior Secured Notes 2027 (“New Notes”), plus certain cash consideration. An aggregate principal amount of US$461 million, representing 83.38% of the aggregate principal amount of Existing Notes, were tendered in the exchange offer, and an aggregate principal amount of US$366 million of new notes were issued. The debt refinanced will be allocated in accordance with Genneia’s green bond framework, and the new notes are expected to support the achievement of United Nations’ Sustainable Development Goals related to renewable energy.
Genneia is the leading renewable power company in Argentina.
The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano alongside counsel Matthew Brigham (Tax), associates Stephanie Torres and Allan Paul Talde (Tax), and foreign attorney Juan Mata.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
