The high-yield notes are due 2035

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by Saavi Energia S.à r.l. of $1.1 billion aggregate principal amount of its 8.875% senior notes due 2035.

Part of the proceeds of the issuance will be used to pay the purchase price in connection with the settlement of tender offers by Cometa Energía, S.A. de C.V. and Tierra Mojada Luxembourg II S.à r.l. (subsidiaries of Saavi Energía) for their respective outstanding senior notes.

Saavi Energía owns and operates power generation facilities and other energy infrastructure in Mexico and in Puerto Rico.

The Davis Polk capital markets team included partners Pedro J. Bermeo and Maurice Blanco, counsel Judah (Yehuda) Bareli and associates Tomisin Ogunsanya and José Miguel Fernández Mejía. Partner Aliza Slansky and associates Alanna Phillips and Ryan Powers provided tax advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post