Shearman And Sterling

News March 20, 2014

Shearman & Sterling Advises Grupo Isolux Corsán S.A. on €600 Million Inaugural High Yield Notes Offering

Shearman & Sterling represented Grupo Isolux Corsán, S.A. (“Isolux Corsán”) in the inaugural High Yield bond offering of €600 million 6.625% Senior Notes due 2021 by Isolux Corsán’s wholly owned subsidiary, Grupo Isolux Corsán Finance B.V. The net proceeds from the issue and sale of the Notes will be used to repay existing indebtedness and for general corporate purposes. The Notes are guaranteed on a senior unsecured basis by Isolux Corsán and certain of its subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on March 20, 2014.

Isolux Corsán, headquartered in Madrid, Spain, is a leading international engineering, construction and concession group. The group provides a comprehensive range of engineering, procurement and construction (EPC) services and carries out infrastructure concession operations globally, delivering projects to both public and private sector clients in 38 countries across five continents.

The Team