Morales & Besa advises AES Gener in the placement of bonds of US$425 millon

August 3, 2015

Morales & Besa advised JP Morgan, Bank of America, Merrill Lynch and Scotiabank, as Global Coordinators & Joint Bookrunners in the placement of bonds by AES Gener SA, for an amount of US$425 million, issued under New York law and placed under Regulation 144-A and Regulation S of the Securities Act of the United States.

The issue aimed to finance: (i) payment of the secured obligations contained in or derived from the original documents Project funding windows; (ii) the partial acquisition of Series Q bonds issued against the line of bonds registered in the Securities Registry of the Superintendency of Securities and Insurance under No.517; and (iii) optimize the structure and financial burden on the Company.

In the transaction the M&B team was led by partners Pedro Garcia and Matias Langevin,  together with associates Andrew Sante and Josefa Rodriguez.

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