Argentine energy company taps capital markets

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Argentine energy company taps capital markets

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Fredrik Karlsson

27 February 2018

Simpson Thacher & Bartlett LLP in New York and Tavarone, Rovelli, Salim & Miani in Buenos Aires have helped local company MSU Energy issue notes worth US$600 million.

The joint bookrunners relied on Skadden, Arps, Slate, Meagher & Flom LLP in New York and Bruchou, Fernández Madero & Lombardi in Buenos Aires. Bruchou also helped the local placement agents. The trustee, Citibank, hired Tanoira Cassagne Abogados in Buenos Aires and is thought to also have enlisted Alston & Bird LLP in New York.

The deal, which was made through MSU’s three subsidiaries, closed on 1 February.

The proceeds will be used to improve the operational capacity of three thermal plants located in the province of Buenos Aires and the central province of Córdoba. MSU obtained a US$230 million credit line in June last year to construct these plants. They currently have a combined installed capacity of 450 megawatts.

 

Counsel to MSU Energy

In-house counsel – Ezequiel Abal

Simpson Thacher & Bartlett LLP

Partners Juan Francisco Mendez and Rob Holo, counsel Janet Nadile and associates Juan Naveira, Kirsten Harmon, Mariano Peró and William Smolinski in New York

Tavarone, Rovelli, Salim & Miani

Partners Juan Pablo Bove and Federico Salim, and associates Natalia Ríos, Julieta González and Emilio Agustín Beccar Varela in Buenos Aires

Counsel to JP Morgan, Citigroup Global Markets and Itau BBA

Skadden, Arps, Slate, Meagher & Flom LLP

Partner Alejandro Gonzalez Lazzeri and associates Alejandro Ascencio and María Paula Lusich in New York

Bruchou, Fernández Madero & Lombardi

Partners Jose María Bazán and associates Andrés Chester and Sofía Gallo and Facundo Sainato in Buenos Aires

Counsel to Industrial and Commercial Bank of China (Argentina), Banco de Galicia y Buenos Aires, Banco Hipotecario, BACS Banco de Crédito y Securitización, Banco Macro, Macro Securities, BAF Securities and Banco Itaú Argentina 

Bruchou, Fernández Madero & Lombardi

Partners Jose María Bazán and associates Andrés Chester and Sofía Gallo and Facundo Sainato in Buenos Aires

Counsel to Citibank

In-house counsel – Cecilia Díaz Llamosas and Carlos Vasallo

Tanoira Cassagne Abogados

Partner Alexia Rosenthal and associate Ignacio Criado Díaz in Buenos Aires