Linklaters Advises Citigroup, HSBC, J.P. Morgan and Santander on AES Argentina’s Exchange Offer

Linklaters has advised Citigroup Global Markets Inc., HSBC Securities (USA) Inc. (“HSBC”), J.P. Morgan Securities LLC and Santander US Capital Markets LLC as dealer managers for the exchange offer presented by AES Argentina Generación S.A. (“AES Argentina”) regarding its 7.750% Senior Notes due 2024 (“Existing Notes”) for newly issued 9.50% Notes due 2027 (“New Notes”) plus cash consideration, as applicable.

An aggregate principal amount of US$145.9 million, representing 53.13% of the aggregate principal amount of Existing Notes, were tendered in the exchange offer, and an aggregate principal amount of US$122.0 million of New Notes were issued in exchange for such notes, together with US$29.2 million in cash consideration.

AES Argentina is a global company operating mainly in the electric power sector. The Linklaters team was led by partners Conrado Tenaglia and Matthew Poulter, alongside partner Gabriel Grossman (Tax), and associates Juan Mata and Mario Lercari.