GenRent del Perú’s $106.5 Million Notes Offering


Allen & Overy, Payet, Rey, Cauvi, Pérez, Milbank and Miranda & Amado advised on the offering.

GenRent del Perú S.A.C. executed a $106.5 Million Private placement of 5,88% Notes to American General Life Insurance Company (AIG), Athene Annuity and Life Company (Apollo Investments) and la Corporación Financiera de Desarrollo S.A. (Cofide). Proceeds will be used to refinance the construction of Iquitos’ power plant.

Genrent del Perú engages in energy generation. The company operates as wholly-owned subsidiary of Genrent do Brasil (99,9%). Genrent del Perú was awarded a 20-year concession contract to design, finance, build, own, operate and maintain the Suministro de Energía para Iquitos project, a thermoelectric plant located in Iquitos, Perú.

In US, Allen & Overy advised GenRent del Perú S.A.C. with a team including Dorina Yessios, Andrés Arnaldos and Svein Hoexter.

In Lima, Payet, Rey, Cauvi, Pérez advised GenRent del Perú S.A.C. with José Cúneo Galdós (Picture) Gerardo Soto, Joe Navarrete, Mayra Aguirre and Gonzalo Gibaja.

In US, Milbank advised AIG, Athene Annuity and Life Company and Cofide with Daniel D. Bartfeld, Genevieve Fox, Henry T. Scott and Daniel Groh-Wargo.

In Perù Miranda & Amado advised AIG, Athene Annuity and Life Company and Cofide with José Miguel Puiggros Otero, Andrés Arbe Schinkel, César Ramírez Rojas, José Villafuerte Mendoza, Ignacio Núñez Arena and Gabriela Dañino Sinclair.

Involved fees earner: José Cúneo Galdós – Payet, Rey, Cauvi, Pérez, Mur; Joe Navarrete Pérez – Payet, Rey, Cauvi, Pérez, Mur; Gonzalo Gibaja – Payet, Rey, Cauvi, Pérez, Mur; Gerardo Soto – Payet, Rey, Cauvi, Pérez, Mur; Mayra Aguirre – Payet, Rey, Cauvi, Pérez, Mur; José Miguel Puiggros Otero – Miranda & Amado Abogados; José Villafuerte Mendoza – Miranda & Amado Abogados; Ignacio Núñez Arena – Miranda & Amado Abogados; Gabriela Dañino Sinclair – Miranda & Amado Abogados; Andrés Arbe Schinkel – Miranda & Amado Abogados; César Ramírez Rojas – Miranda & Amado Abogados; Daniel Bartfeld – Milbank; Genevieve Fox – Milbank; Henry Scott – Milbank; Daniel Groh-Wargo – Milbank; Dorina Yessios – Allen & Overy; Andrés Arnaldos – Allen & Overy;

Law Firms: Payet, Rey, Cauvi, Pérez, Mur; Miranda & Amado Abogados; Milbank; Allen & Overy;

Clients: Corporación Financiera de Desarrollo S.A.; Apollo Investment Corporation; American General Life Insurance Company; Genrent del Perú S.A.C.;