Cometa Energía, S.A. de C.V. (Actis)’s $870 Million Notes Offering

Shearman & Sterling advised BNP Paribas, Citigroup, J.P. Morgan, Scotiabank and SMBC Nikko, as Joint Lead Arrangers and Joint Bookrunners, in connection with a Rule 144A/Regulation S offering of $860 million 6.375% senior secured notes due 2035 issued by, and senior secured credit facilities made available to, Cometa Energía, S.A. de C.V. (Actis), in connection with its $1.256 billion acquisition of the InterGen portfolio of energy assets in Mexico.

InterGen Mexico is a leading independent power producer in Mexico and Actis is a private equity fund manager that invests (through various funds) exclusively in the world’s growth markets.

Cometa Energia, S.A. de C.V operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Shearman & Sterling advised with a team incuding Gregory Tan (Picture), Grissel Mercado, Stuart K. Fleischmann, Donna J. Bobbish, Jeffrey Tate, Robert E. O’Leary, Andry Zinsou, Simon Barrell, Maria Marulanda Larsen, Rita Ghanem, Marika Mikuriya and Michael J. Daly

Involved fees earner: Grissel Mercado – Shearman & Sterling; Stuart Fleischmann – Shearman & Sterling; Maria Marulanda Larsen – Shearman & Sterling; Rita Ghanem – Shearman & Sterling; Marika Mikuriya – Shearman & Sterling; Gregory Tan – Shearman & Sterling; Donna Bobbish – Shearman & Sterling; Robert O’Leary – Shearman & Sterling; Andry Zinsou – Shearman & Sterling; Simon Barrell – Shearman & Sterling; Jeffrey Tate – Shearman & Sterling; Michael Daly – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: BNP Paribas; Citigroup Inc.; JP Morgan; Scotiabank; Smbc Nikko Capital Markets Limited;

Author: Ambrogio Visconti