Generación Mediterránea S.A (“GEMSA”) and Central Térmica Roca S.A. (“CTR”)’s $80 Million Consent Solicitation

Tavarone, Rovelli, Salim & Miani, Simpson Thacher & Bartlett, Salaverri, Burgio & Wetzler Malbrán, Skadden, Jones Walker and Tanoira Cassagne advised on the transaction.

Generación Mediterránea S.A (“GEMSA”) and Central Térmica Roca S.A. (“CTR”) completed the consent solicitation for $80 million notes due 2023.

According to Albanesi, it has attained the targeted 60% acceptance on both offers with its Generacion Mediterranea (GMSA) offer receiving 66% irrevocable acceptance, and 68% for its notes co-issued by GMSA and Central Termica Roca (CTR).

Credit Suisse, J.P. Morgan and UBS Investment Bank acted as solicitation agents on the offering.

Tavarone, Rovelli, Salim & Miani advised CTR y GEMSA with Marcelo Tavarone (Picture), Federico Salim, Francisco Molina Portela, Beltrán Romero and Ximena Sumaria.

In US, Simpson Thacher & Bartlett advised the Albanesi Group with Juan Francisco Méndez, Antonio Ribichini and Jon Vicuña.

Salaverri, Burgio & Wetzler Malbrán advised the solicitation agents with Roberto Lizondo, Marcos G.Linares, Justina Richards, Natalia Ostropolsky, Guido Aiassa and Camila Mindlin.

In US, Skadden advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and UBS Securities LLCa with Alejandro González Lazzeri, Alejandro Ascencio and Alejandra Guardado Lomeli.

In NY, Jones Walker advised The Bank of New York Mellon with Wish Ziegler.

Tanoira Cassagne Abogados advised TMF Trust Company (Argentina) S.A., acting as Trustee, with Alexia Rosenthal, Ignacio Criado Díaz and Carolina Demarco.

Involved fees earner: Wish Ziegler – Jones Walker LLP; Guido Aiassa – Salaverri, Burgio & Wetzler Malbrán; Marcos Linares – Salaverri, Burgio & Wetzler Malbrán; Roberto Lizondo – Salaverri, Burgio & Wetzler Malbrán; Natalia Ostropolsky – Salaverri, Burgio & Wetzler Malbrán; Justina Richards – Salaverri, Burgio & Wetzler Malbrán; Juan Francisco Mendez – Simpson Thacher & Bartlett; Antonio Ribichini – Simpson Thacher & Bartlett; Alejandro Ascencio – Skadden Arps Slate Meager & Flom; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Ignacio Criado Díaz – Tanoira Cassagne; Carolina Demarco – Tanoira Cassagne; Alexia Rosenthal – Tanoira Cassagne; Francisco Molina Portela – Tavarone, Rovelli, Salim & Miani; Beltrán Romero – Tavarone, Rovelli, Salim & Miani; Federico Salim – Tavarone, Rovelli, Salim & Miani; Ximena Sumaria – Tavarone, Rovelli, Salim & Miani; Marcelo Tavarone – Tavarone, Rovelli, Salim & Miani;

Law Firms: Jones Walker LLP; Salaverri, Burgio & Wetzler Malbrán; Simpson Thacher & Bartlett; Skadden Arps Slate Meager & Flom; Tanoira Cassagne; Tavarone, Rovelli, Salim & Miani;

Clients: Albanesi S.A.; Bank of New York Mellon; Central Térmica Roca S.A.; Credit Suisse Securities Limited; Generación Mediterránea S.A.; JP Morgan Securities; TMF Trust Company; UBS Securities LLC;

Author: Ambrogio Visconti.