SANTIAGO, Chile, Dec 11 (Bernama-BUSINESS WIRE) — EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U., (the “Issuers”) announced today that they will issue US$710 million 5.375% senior secured notes (the “Notes”) on December 17, 2020 pursuant to a Rule 144A/Regulation S transaction. The Notes mature in 2030 and pay an interest rate of 5.375%. The Issuers are indirect subsidiaries of EnfraGen, LLC (“EnfraGen”), a developer, owner, and operator of grid stability and renewable energy infrastructure businesses in Latin America.
The primary use of proceeds from the Notes, combined with a pari passu US$1.05 billion bank debt package for a total of US$1.76 Billion, will be to refinance the Issuers’ existing debt portfolio and to fully fund near-term growth projects as part of EnfraGen’s broader strategy to fund multiple growth initiatives and optimize its capital structure.