By Colin Hanner
Chicago, May 2 – Orazul Energy closed a $550 million offering of its 5 5/8% 10-year notes at par on Tuesday, the company said in a news release.
The notes (/BB/BB), issued through Orazul Energy Egenor S. en C. por A., priced on April 25, a market source said.
Proceeds from the offering will be used to refinance an existing loan facility, as well as to pay down debt.
Deutsche Bank and Credicorp Capital acted as global coordinators and joint bookrunners for the 144A/Regulation S deal. Citi, Morgan Stanley and Scotiabank were also joint bookrunners.
The company said the notes were heavily oversubscribed.
Orazul Energy Egenor is a Peru-based power generation and distribution company.
| Issuer: | Orazul Energy Egenor S. en C. por A
|
| Description: | Notes
|
| Amount: | $550 million
|
| Maturity: | April 28, 2027
|
| Global coordinators: | Deutsche Bank and Credicorp Capital
|
| Bookrunners: | Deutsche Bank, Credicorp Capital, Citi, Morgan Stanley and Scotiabank
|
| Coupon: | 5 5/8%
|
| Price: | Par
|
| Yield: | 5 5/8%
|
| Trade date: | April 25
|
| Settlement date: | April 28
|
| Ratings: | S&P: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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