Fenix Power Perú’s Debut $430 Million Offering

September 20, 2017

Cleary Gottlieb represents Fenix Power Perú S.A. in its debut debt issuance, consisting of a 144A/Reg S offering of $340 million 4.317 percent senior notes due 2027.

The joint lead managers and bookrunners for the offering are Citigroup Global Markets Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. The transaction launched on September 7, 2017, priced on September 13, 2017, and closed on September 20, 2017.

Fenix Power Perú S.A. is an electric power generation company that owns and operates the third-largest and most efficient thermal power plant in Peru. Fenix is indirectly owned by Colbún S.A., one of the largest players in Chile’s energy generation market; the Abu Dhabi Investment Authority, a sovereign investment management institution established by the government of the Emirate of Abu Dhabi; and Sigma Fondo de Inversión en Infraestructura, one of the largest investment fund managers in Peru.