Stoneway Capital Corporation’s $500 Million Notes Offering

Holland & Knight, Cabanellas, Etchebarne & Kelly, Simpson Thacher & Barlett, Marval, O’Farrell & Mairal, Hogan Lovells, Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) and Baker McKenzie have advised on the transaction

Private energy developer Stoneway Capital Corporation completed a $500 million Rule 144A/Regulation S project bond offering and related matters, which closed on February 15. The transaction provides financing for the development, procurement, construction and operation of four simple-cycle power generating plants totaling 686.5 MW in the Buenos Aires region of Argentina.

Jefferies acted as global coordinator and, with Seaport Global Securities, acted as underwriters and joint-bookrunning managers of the offering. The transaction also included a $115 million secured loan from Siemens Financial Services to finance equity in the structure and an additional equity investment by SoEnergy International Inc., a Florida-based energy developer.

The transaction represents the sixth Rule 144A capital markets deal Holland & Knight has closed from Argentina in the last 10 months.

Holland & Knight has advised Stoneway Capital Corporation with Norberto Quintana (Picture), Stephen Double, Lara M. Rios, Laura Guemes, Juliana Saa, Ashley Panaggio, Henry Roque, Daniel Ramos, Kevin Hall, Daniel Lovon and Javier Undurraga.

In Argentina, Cabanellas, Etchebarne & Kelly has advised Jefferies LLC, Seaport Global Securities LLC Araucaria Energy S.A., SPI Energy S.A. and Araucaria Power Generation S.A. with Marcelo Etchebarne, Alejandro Noblía, Rodolfo Rivotti, Lucía Farrando and Dolores Duncan.

Simpson Thacher & Barlett LLP has advised Jefferies LLC and Seaport Global Securities LLC with S. Todd Crider, Robert Holo, Kirsten L. Davis, Amy Beller, Janet Nadile, Diego Matamoros, Jodi Schneider, Jonathan Pall, Luiz Rafael de Vargas Malufy and Adriana Pérez Cavazos.

Marval, O’Farrell & Mairal has advised TMF Trust Company (Argentina) S.A. with Roberto Silva and Martín Lanús.

Hogan Lovells has advised The Bank of New York Mellon with Robert Ripin and Kristy Tholanikunnel.

In Argentina, Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) has advised The Bank of New York Mellon with Alan Arntsen, María Gabriela Grigioni and Sofía Leggiero.

Baker McKenzie LLP has advised Siemens Financial Services with Clyde Rankin III, Alex Roberts, Gabriel Gómez-Giglio, Bhavjyot Singh, Max Jones and Francisco Fernández Rostello.

Involved fees earner: Dolores Duncan – Cabanellas – Etchebarne – Kelly; Lucía Farrando – Cabanellas – Etchebarne – Kelly; Rodolfo Rivotti – Cabanellas – Etchebarne – Kelly; Alejandro Ezequiel Noblía – Cabanellas – Etchebarne – Kelly; Marcelo Etchebarne – Cabanellas – Etchebarne – Kelly; Roberto Silva Jr. – Marval, O’Farrell & Mairal; Martín Lanús – Marval, O’Farrell & Mairal; Todd Crider – Simpson Thacher & Bartlett; Kirsten Davis – Simpson Thacher & Bartlett; Diego Matamoros – Simpson Thacher & Bartlett; Jonathan Pall – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Amy Beller – Simpson Thacher & Bartlett; Janet Nadile – Simpson Thacher & Bartlett; Norberto Quintana – Holland & Knight; Stephen Double – Holland & Knight; Lara Rios – Holland & Knight; Laura Guemes Cambras – Holland & Knight; Maria Juliana Saa – Holland & Knight; Ashley Panaggio – Holland & Knight; Henry Roque – Holland & Knight; Daniel Ramos – Holland & Knight; Kevin Hall – Holland & Knight; Robert Ripin – Hogan Lovells; Kristy Tholanikunnel – Hogan Lovells; Alan Arntsen – Pérez Alati, Grondona, Benites, Arntsen & Martínez; María Gabriela Grigioni – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Sofía Leggiero – Pérez Alati, Grondona, Benites, Arntsen & Martínez; Clyde Rankin – Baker & McKenzie; Alex Roberts – Baker & McKenzie; Gabriel Adrián Gómez Giglio – Baker & McKenzie; Bhavjyot Singh – Baker & McKenzie;

Law Firms: Cabanellas – Etchebarne – Kelly; Marval, O’Farrell & Mairal; Simpson Thacher & Bartlett; Holland & Knight; Hogan Lovells; Pérez Alati, Grondona, Benites, Arntsen & Martínez; Baker & McKenzie;

Clients: Jefferies; Siemens Financial Services; Bank of New York Mellon; TMF Trust Company; Seaport Global Securities, LLC; Stoneway Capital; Araucaria Energy S.A.; SPI Energy S.A.; Araucaria Power Generation S.A.;


Author: Ambrogio Visconti