Genneia S.A. (“Genneia”), a leading wind power generation company in Argentina in terms of installed capacity primarily engaged in the generation of electrical power from both renewable (wind power generation) and conventional (thermal power generation) sources, successfully completed the private placement of its Private Notes due 2022 (the “Notes”), for an aggregate principal amount of US$50 million. The Notes were issued on December 21, 2018, initially at a 13% fixed rate, payable on a semi-annual basis, and due on January 22, 2022.
Genneia will use the proceeds from the offering for debt refinancing, working capital needs and investment in assets.
The Notes were subscribed by some of Genneia’s shareholders, and U.S. Bank, National Association acted as Paying Agent.
Legal Advisors to Argentum Investments I LLC:
Shearman & Sterling - partner Antonia Stolper and associates Taylor Montgomery and Yaw Asare.
Pérez Alati, Grondona, Benites & Arntsen - partner Diego Serrano Redonnet and associates Danilo Parodi Logioco, Guido Olaf Meirovich and Facundo Fernández Santos.
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