White & Case advises Termocandelaria Power on US$425 million notes offering

Global law firm White & Case LLP has advised Termocandelaria Power, S.A., an electric power generation company that owns and operates a large portfolio of thermal power plants in Colombia, in a Rule 144A and Regulation S offering of US$425 million aggregate principal amount of its 7.750% notes due 2031, and a concurrent any-and-all tender offer and exit consent solicitation targeting its 7.875% notes due 2029.

The proceeds of the offering were used to fund the concurrent any-and-all tender offer and for general corporate purposes. J.P. Morgan Securities LLC, Santander US Capital Markets LLC and Scotia Capital (USA) Inc. acted as initial purchasers and dealer managers.

The White & Case team was led by partners John Guzman (São Paulo) and Sean Goldstein (Miami), and included partners Elodie Gal and Scott Fryman (both in New York), counsel Chris Ohlgart (Chicago) and associate Christie Garcia (Miami). International law clerk Camilo Vasquez also assisted on the matter.

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