Continuum Energy Levanter’s US$561 Million Notes Offering

Linklaters advised Continuum Energy Levanter on the deal.

Continuum Energy Levanter (Levanter), a special purpose vehicle and wholly owned subsidiary of Continuum Green Energy, issued Rule 144A/Reg S US$561m 4.50% senior notes due 2027.

The structure put in place allowed certain Continuum group companies in India to issue to Levanter (and cross-guarantee) various series of rupee denominated senior secured bonds (with project bond style covenants) in compliance with the Indian regulatory regime. Concurrently, the ultimate offshore investors purchased US dollar debt issued by Levanter (which entered into certain hedging and other arrangements to remove some of the FX risk for the offshore bondholders).

Head of Southeast Asia and South Asia Capital Markets, Amit Singh (Picture), was involved in the deal.

Involved fees earner: Amit Singh – Linklaters;

Law Firms: Linklaters;

Clients: Continuum Energy Levanter;

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Sonia Carcano

Author: Sonia Carcano