Fenix Power Perú S.A.’s $340 Million Notes Offering


Cleary Gottlieb Steen & Hamilton, CMS Grau, Milbank and Estudio Echecopar advised on the transaction

Fenix Power Perú S.A. finalized its debut debt issuance, consisting of a 144A/Reg S offering of $340 million 4.317 percent senior notes due 2027.

The joint lead managers and bookrunners for the offering are Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. The transaction launched on September 7, 2017, priced on September 13, 2017, and closed on September 20, 2017.

Fenix Power Perú S.A. is an electric power generation company that owns and operates the third-largest and most efficient thermal power plant in Peru. Fenix is indirectly owned by Colbún S.A., one of the largest players in Chile’s energy generation market; the Abu Dhabi Investment Authority, a sovereign investment management institution established by the government of the Emirate of Abu Dhabi; and Sigma Fondo de Inversión en Infraestructura, one of the largest investment fund managers in Peru.

Cleary Gottlieb Steen & Hamilton advised Fenix Power Perú with Andrés de la Cruz (Picture), Adam Brenneman, Erika W. Nijenhuis, Eduardo Romero, Antonio Pietrantoni, Julián Cardona and Rafael Villarán.

In Perù, CMS Grau advised Fenix Power Perú with Juan Carlos Escudero, Miguel Viale, Carlos Calderón and Madelaine Castro.

Milbank advised Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. with Marcelo Mottesi, Daniel D. Bartfeld, Andrew Walker, Elizabeth McNichol, Jillian Martynec, Andrés Arnaldos Montaner, David Hanno and María Paula Baraya.

Estudio Echecopar (Baker & McKenzie) advised Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. with Alonso Miranda e Inés Vázquez. Asociado principal Luis Ernesto Marín. Asociada Alexandra Carranza.

Involved fees earner: Juan Carlos Escudero Velando – CMS Grau Abogados ; Miguel Viale Leo – CMS Grau Abogados ; Carlos Calderon – CMS Grau Abogados ; Madelaine Castro – CMS Grau Abogados ; Marcelo Mottesi – Milbank; Elizabeth McNichol – Milbank; Jillian Martynec – Milbank; Daniel Bartfeld – Milbank; Andrés Arnaldos Montaner – Milbank; Andrew Walker – Milbank; David Hanno – Milbank; Alonso Miranda Vargas – Baker & McKenzie; Luis Ernesto Marín Villarán – Baker & McKenzie; Ines Vazquez – Baker & McKenzie; Alexandra Carranza – Baker & McKenzie; Andrés De la Cruz – Cleary Gottlieb Steen & Hamilton; Eduardo Romero – Cleary Gottlieb Steen & Hamilton; Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Antonio Pietrantoni – Cleary Gottlieb Steen & Hamilton; Erika Nijenhuis – Cleary Gottlieb Steen & Hamilton; Julian Cardona – Cleary Gottlieb Steen & Hamilton;

Law Firms: CMS Grau Abogados ; Milbank; Baker & McKenzie; Cleary Gottlieb Steen & Hamilton;

Clients: Citigroup Global Markets Ltd; Smbc Nikko Capital Markets Limited; Scotia Capital Inc.; Fénix Power Perú S.A.;

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Author: Ambrogio Visconti