Law firm offers guidance to Kallpa Generación on the emission of $700 million in notes, including a subsequent tender offer
White & Case Advises on Kallpa's $700 Million Bond Issuance
Global law firm White & Case LLP has been at the helm of the advisory team for Kallpa Generacion S.A., a private energy company controlled by I Squared Capital. Kallpa recently issued US$700 million of 5.500% senior notes due 2035.
The advisory work for this significant bond issuance extended across various service areas. These included Capital Markets, Energy, North America, and Latin America. Notable individuals from White & Case who were involved in this project were partner Andrew Weisberg, associate Christie Garcia, and another associate Heidi Ahmed.
Andrew Weisberg, based in New York, leads White & Case's Capital Markets practice in Latin America. He also specialises in Financial Restructuring and Insolvency, Financial Institutions, Mining & Metals, and Energy. Christie Garcia, an associate in Miami, specialises in Capital Markets, while Heidi Ahmed, another associate in New York, brings expertise in the same area.
Kallpa is a company dedicated to energy generation, with a portfolio of 2,135 MWs of generation capacity. This portfolio encompasses hydroelectric generation, efficient combined cycles based on natural gas, and a solar renewable energy project under construction. The company's operations significantly contribute to the security of supply and reliability of the electrical system.
The new notes were priced at the lowest spread over the Peruvian sovereign rate for an international corporate bond by a Peruvian company. The issuance also includes a tender offer for Kallpa's existing 4.125% senior notes due 2027.
It is worth noting that Kallpa Generación S.A. is an energy company focused on power generation that uses a mix of natural gas and renewable energy technologies in its portfolio. The company, controlled by I Squared Capital, is based in Peru.
However, no specific press contact information was provided in the article.
This bond issuance marks another successful collaboration between White & Case and its clients, demonstrating the firm's expertise in the Capital Markets sector and its ability to advise on complex transactions across multiple regions.
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