Albanesi Group $250 million high-yield issue

Overview:

• Generación Mediterránea, Generación Frías, and Central Térmica, who together form Grupo Albanesi, have issued $250 million in high yield notes.
• The notes have a yield of 9.625% and are due July 2023.
• Albanesi also acted as guarantor.
• Credit Suisse Securities, JPMorgan Securities and UBS Securities acted as initial purchasers.
• JPMorgan Chase Bank also acted as placement agent.
• Tavarone Rovelli Salim & Miani (Marcelo Tavarone and Juan Pablo Bove) and Simpson Thacher & Bartlett (David Williams and Juan Francisco Mendez) advised Grupo Albanesi.
• Salaverri Dellatorre Burgio & Wetzler Malbrán Abogados (Roberto Lizondo, Victoria Hitce) and Skadden Arps Slate Meagher & Flom (Alejandro Gonzalez Lazzeri) advised the initial purchasers.

Rani Mehta - Journalist - Latin America