IFLR1000

Stoneway Capital Corporation simple-cycle 686.5MW power plants

15/2/2017
Project bond issue, Project development
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$ 500 million

Completed

15/2/2017

Overview:

  • Stoneway Capital Corporation simple-cycle 686.5MW power plants
  • Stoneway Capital Corporation is developing four simple-cycle power generating plants in Matheu, Luján, Las Palmas and San Pedro in Buenos Aires, totaling 686.5MW in capacity.
  • To finance the project, the company has issued a $500 million 10% project bond, in what is believed to be the first greenfield power generation project bond issued from Argentina in the past 25 years.
  • The transaction also includes a $115 million equity loan from Siemens Financial Services.
  • Jefferies acted as global coordinator. Jefferies and Seaport Global Securities acted as underwriters and joint book-running managers.

Rani Mehta - Journalist 

Jurisdiction:

Argentina

Deal types:

Project bond issue
Project development

Practice areas:

Capital markets : Debt
Project development

Industry sector:

Energy

Firms:
DLA Piper Argentina

Party: Jefferies International Limited (Global coordinator, Underwriter)

Party: Seaport Global Securities (Underwriter)

Lawyers: Alejandro Noblía, Marcelo Etchebarne

Holland & Knight

Party: Stoneway Capital Corporation (Issuer, Project developer)

Lawyers: Lara Rios, Norberto Quintana, Stephen Double

Pérez Alati, Grondona, Benites & Arntsen

Party: The Bank of New York Mellon (Trustee)

Simpson Thacher & Bartlett

Party: Jefferies International Limited (Global coordinator, Underwriter)

Party: Seaport Global Securities (Underwriter)

Lawyers: Amy Beller, Kirsten Davis, S Todd Crider

Stewart McKelvey

Party: Stoneway Capital Corporation (Issuer)

Lawyer: Alanna Waberski

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