Genneia in $400 Million Debt Issuance

Cleary Gottlieb represented Genneia S.A. (Genneia), a leading renewable energy company in Argentina, in the sale of $400 million aggregate principal amount of 7.75% senior notes due 2033 (2033 notes) in a notes offering in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933 and a concurrent private placement.

The notes offering, totaling $310 million, launched on November 17, 2025, priced on November 20, 2025, and settled on December 2, 2025. Santander, J.P. Morgan, BBVA, and Balanz Capital acted as initial purchasers in respect of the notes offering. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) and Société de Promotion et de Participation pour la Coopération Économique (Proparco), two development finance institutions, purchased additional 2033 notes in the aggregate principal amount of $90 million, in a concurrent private placement pursuant to Section 4(a)(2) of the U.S. Securities Act of 1933.

The notes are expected to be listed on Bolsas y Mercados Argentinos S.A. (BYMA) and admitted to trading on A3 Mercados S.A.

The Cleary team included partner Juan Giráldez and associates Rodrigo Lopez Lapeña and Cosmo Albrecht. Partner Matthew Brigham and associate Michael Hughes advised on tax matters.