A&O Shearman represents banks on Kallpa Generación’s USD700 million bond offering and tender offer

Kallpa Generación is the largest energy generation company in Peru with a 1.8GW portfolio of generation capacity that includes combined cycles, hydro, and battery energy storage system assets along with a solar project under construction.

“This important transaction demonstrates the trust that our clients continue putting in us, as we were chosen for a second bond offering by Kallpa this year,” said capital markets partner Alejandro Gordano, who led the A&O Shearman team.  “It is a recognition of the value that we bring to the table.”

A&O Shearman is actively at work across Latin America advising clients in substantive debt capital markets transactions. The firm recently represented the initial purchasers in connection with: 

• Arcor S.A.I.C.’s USD350m 7.600% notes due 2033 and conditional redemption of its Class 18 notes 
• SURA Asset Management’s USD500m 6.350% senior guaranteed notes due 2032 and tender offer to purchase for cash up to USD175m of its 4.375% senior guaranteed notes due 2027

The A&O Shearman team was led by capital markets partner Alejandro A. Gordano alongside associate Gonzalo Robles, and visiting attorneys Regina Odar and Delfina Meccia. Partner Lorenz Haselberger and  associate Daniel Kachmar provided tax advice.