We advised Kallpa Generación in the issuance of its 5.500% Senior Notes due 2035 for US$700 million under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as well as in the concurrent Tender Offer to purchase any and all of its outstanding 4.125% Senior Notes due 2027. The proceeds of the new notes will be used to (i) fund the Tender Offer; (ii) repay the short-term loan incurred to partially finance the Sunny solar project, located in La Joya district, department of Arequipa, Peru; (iii) fund the redemption of the remaining notes that were not tendered; and, (iv) general corporate purposes.
Miranda & Amado's deal team: Luis Marcelo De Bernardis (Partner), Jose Miguel Puiggros (Partner), Gabriel Boucher (Associate) and Maria Fernanda Lazo (Associate).