Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers in connection with the $340 million offering of 4.317% senior notes due 2027 by Fenix Power Perú S.A. This was a first-time issuance for Fenix Power Perú S.A., a provider of natural gas fired power generation services.
The Milbank deal team was led partners Marcelo Mottesi, head of the firm’s Global Capital Markets Group and co-head of the firm’s Latin America Group and Dan Bartfeld, head of the firm’s Global Project, Energy and Infrastructure Finance Group and co-head of the firm’s Latin America Group, with the assistance from Global Capital Markets associates Elizabeth McNichol and Jillian Martynec and Global Project, Energy and Infrastructure Finance associate Andrés Arnaldos Montaner and international attorney Maria Paula Baraya. The team also included Tax partner Andrew Walker and associate David Hanno.
Mr. Mottesi said: “We are pleased to once again advise on an inaugural bond offering in Latin America and to maintain our leading presence within the Peruvian market.”
Mr. Bartfeld added: “This transaction is another example of renewed interest by leading Latin America-based companies to tap the debt capital markets for their important single asset financings. This is a trend that we foresee continuing and accelerating.”
Milbank continues to be a dominant force in the Latin America power, energy and infrastructure markets, regularly advising clients on a wide range of development, financing and acquisition matters (totaling in excess of $30 billion in the past five years). Recently, Milbank has represented clients in nearly every Latin American country and has advised on the $650 million bond offering for Peruvian Power Project Cerro del Águila S.A., the $379 million senior secured notes offering by Celeo Redes Operación Chile S.A., the Argentine Peso Denominated bond offering for YPF and the $550 million inaugural high yield offering by Orazul Energy.
