Energía Eólica S.A. completes $204 Million private offering

23 December 2014 | Brazil | Author: ContourGlobal

Energía Eólica S.A. completes private offering of $204 Million Senior Secured Green Notes due 2034

Lima & New York - Energía Eólica S.A. ("Energía Eólica") announced today that it has successfully completed its private offering of $204 million aggregate principal amount of its 6.000% senior secured green notes due 2034 in connection with its two wind power projects in northwestern Peru: Cupisnique, with 83.180 MW of installed capacity, and Talara, with 30.855 MW of installed capacity. The notes were sold pursuant to Regulation S under the Securities Act of 1933. The obligations under the notes are secured by a first-priority security interest on all of Energía Eólica’s existing and future assets.

Energía Eólica S.A. used the net proceeds of the notes to repay and terminate its senior secured credit facility for the projects, repay certain affiliate loans, make a subordinated intercompany loan, pay engineering, procurement, construction and development costs relating to the projects, provide initial funding for reserve accounts under the notes and pay fees and expenses related to the offering.

 

About Energía Eólica S.A.

Energía Eólica is a corporation existing under the laws of Peru and an indirect subsidiary of ContourGlobal L.P. ("ContourGlobal") a global developer and operator of wholesale electric power generation businesses. Energía Eólica owns two wind power projects with total installed capacity of 114.035 MW and related interconnection equipment in northwestern Peru.

 

About ContourGlobal

ContourGlobal is an international power-generation company with approximately 4000 MW in operations or under construction in 21 countries and on four continents. ContourGlobal’s 1650 employees manage, own and operate a portfolio of 58 power plants utilizing a wide range of fuel types and technologies including renewable energy production based upon hydro-electric, wind, solar and biomass, as well as an extensive fleet of conventionally powered thermal power plants.

In Latin America, ContourGlobal LATAM has 1,626MW under development, construction and operation in Brazil, Colombia, Peru, Mexico and the Caribbean. Its current portfolio consists of 774MW in operation, 437MW of wind projects under construction in Brazil, and 415MW of wind and hydro projects under development in Mexico and Brazil. 2

Contour’s wind portfolio in Latin America includes Cupisnique and Talara, in Peru, with a total of 114MW of installed capacity, the Asa Branca Wind Complex, in Brazil, with 160MW of installed capacity and the Bonaire wind farm, in Bonaire, with 11.1MW of installed capacity.

 

Forward-Looking Statements

This press release may contain forward-looking statements. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Forward-looking statements may also be identified by words such as "may," "will," "continue," "believe," "expect," "anticipate," "project," "intend," "should," "seek," "estimate," "future" or the negative of these terms or similar expressions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement in this release reflects Energía Eólica’s and ContourGlobal’s respective current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Energía Eólica’s and ContourGlobal’s respective operations, results of operations, growth strategy and liquidity. Neither Energía Eólica nor ContourGlobal assumes any obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.

For further information please contact Patrick Massoni, VP Investor Relations: +33 1 53 83 96 58 / patrick.massoni@contourglobal.com  

Or visit ContourGlobal on the Web at http://www.contourglobal.com/