Shearman And Sterling

News April 18, 2014

Abengoa Transmission Project Bond

Shearman & Sterling advised Abengoa Transmisión Sur S.A., Abengoa, S.A, Asa Iberoamérica S.L., and Abengoa Perú S.A. in connection with the purchase and sale of $432 million principal amount of the Abengoa Transmision Sur S.A.’s 6.875% Senior Secured Notes due 2043. The Notes refinanced bank loans incurred by Abengoa Transmisión Sur S.A. to finance the construction of the project and are secured by substantially all of its assets and shares of capital stock.

The Shearman & Sterling team included partner Manuel Orillac (New York-Capital Markets), counsel Alexandro Padrés (New York-Project Development & Finance), and associates Kevin Younai (New York-Capital Markets), Ayako Adachi (New York-Project Development & Finance), Richard Facundo (New York-Project Development & Finance), Joshua Rivera (New York-Corporate) and Brian Bishop (New York-Capital Markets).