Davis Polk advised the dealer managers, in the invitation by Abengoa, S.A. to certain of the holders of its outstanding €400 million 6.25% senior unsecured convertible notes due 2019 to convert up to €200 million of such notes at enhanced terms during a limited period.

Abengoa, S.A., headquartered in Seville, Spain, is a leading engineering and clean technology company with operations in more than 50 countries worldwide that provides innovative solutions for a diverse range of customers in the energy and environmental sectors. Over the course of its 70-year history, it has developed a unique and integrated business model that applies its accumulated engineering expertise to promoting sustainable development solutions, including delivering new methods for generating power from the sun, developing biofuels, producing potable water from seawater and efficiently transporting electricity. 

The Davis Polk corporate team included partners Michael J. Willisch and Simon Witty, European counsel John Taylor and associates Dan Hirschovits, Sonia Rodríguez and Greg Spencer. The tax team included partners Jonathan Cooklin and John D. Paton and associates Dominic Foulkes and Lena X. Qiu. Members of the Davis Polk team are based in the Madrid and London offices.

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