Davis Polk Advises ContourGlobal on Its €50 Million Notes Reopening
Davis Polk advised ContourGlobal Power Holdings S.A., an indirect wholly owned subsidiary of ContourGlobal L.P. (ContourGlobal), in connection with the offering of an additional €50 million aggregate principal amount of its 5.125% senior secured notes due 2021. The additional notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933. The obligations under the additional notes are guaranteed by ContourGlobal and certain of its subsidiaries and are secured by pledges of the capital stock or other ownership interests of certain of ContourGlobal’s subsidiaries.
ContourGlobal is a developer and operator of wholesale electric power generation businesses, operating in 20 countries and three continents. ContourGlobal manages, owns and operates a portfolio of power plants with approximately 3,939 megawatts of installed gross capacity in operation or under construction.
The Davis Polk corporate team included partners Joseph P. Hadley and Richard D. Truesdell Jr., counsel Jeffrey S. Ramsay and associates Scott M. Herrig, Milson C. Yu, Christopher Nairn and Jordi de la Torre Anglada. Partner Po Sit and associates William A. Curran and Anne L. Doherty provided tax advice. All members of the Davis Polk team are based in the New York office.