Alternegy S.A.’s $320 Million Notes Offering


Alemán, Cordero, Galindo & Lee, BLP, Morgan & Morgan and Consortium Legal advised on the transaction

Alternegy S.A., operating as a subsidiary of Celsia, member of Grupo Argos, executed an offering of $320 Million 5,5% Notes due 2028.

Banco General, S.A. and Banistmo, S.A. acted as joint-bookrunners and underwriters on the offering.

Celsia S.A., E.S.P., through its subsidiaries, generates electricity. The Company, led by Ricardo Andres Sierra Fernandez, Esteban Piedrahita Montoya and Claudia Ines Salazar Pelaez, operates thermal power plants, micro-hydro project, and running water projects.

Alemán, Cordero, Galindo & Lee – ALCOGAL advised Alternegy, S.A. with Arturo Gerbaud de la Guardia and Rafael Marquínez.

BLP advised Grupo Argos – Celsia with Luis M. Castro and Julio Castellanos.

Morgan & Morgan advised Banco General, S.A., Banistmo, S.A. and Banistmo Investment Corporation, S.A. with Ramón Varela (Picture), Ricardo Arias, Kharla Aizpurúa Olmos, Roberto Vidal, Ana Carolina Castillo and Cristina De Roux.

Consortium Legal advised Banco General S.A. and Grupo Bancolombia with Randall Barquero León, Mónica Arias Madrigal and Roy Ramos Morales.

Involved fees earner: Arturo Gerbaud de la Guardia – Alemán, Cordero, Galindo & Lee; Rafael Marquínez – Alemán, Cordero, Galindo & Lee; Randall Barquero León – Consortium – Legal; Monica Arias Madrigal – Consortium – Legal; Roy Ramos M. – Consortium – Legal; Luis Castro – BLP; Julio Castellanos – BLP; Ramon Varela – Morgan & Morgan; Ricardo Arias – Morgan & Morgan; Roberto Vidal – Morgan & Morgan; Ana Carolina Castillo – Morgan & Morgan; Cristina De Roux – Morgan & Morgan;

Law Firms: Alemán, Cordero, Galindo & Lee; Consortium – Legal; BLP; Morgan & Morgan;

Clients: Bancolombia; Celsia SA ESP; Banistmo S.A.; Banco General, S.A.; Alternegy, S.A.;

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Author: Ambrogio Visconti.