By Marisa Wong
Los Angeles, Nov. 1 – Energo-Pro as priced $300 million of five-year senior guaranteed notes (B+/BB-) at par, according to a notice.
The notes are guaranteed by Energo-Pro Varna EAD, JSC Energo-Pro Georgia Holding, JSC Energo-Pro Georgia, JSC EP Georgia Generation, JSC EP Georgia Supply, Energo Pro Turkey Holding AS and Resadiye Hamzali Elektrik Uretim San.ve Tic AS.
The notes have two years of call protection.
J.P. Morgan SE and Goldman Sachs are listed as bookrunners.
As previously reported, proceeds will be used to repay a €300 million bridge facility used to finance the acquisition of Xallas Electricidad y Aleaciones, SAU and Feroe Ventures & Investments, SLU.
Energo-Pro is a Prague-based power generation and distribution company operating in the Czech Republic, Bulgaria, Georgia, Turkey and Armenia.
| Issuer: | Energo-Pro as
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| Guarantors: | Energo-Pro Varna EAD, JSC Energo-Pro Georgia Holding, JSC Energo-Pro Georgia, JSC EP Georgia Generation, JSC EP Georgia Supply, Energo Pro Turkey Holding AS and Resadiye Hamzali Elektrik Uretim San.ve Tic AS
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| Amount: | $300 million
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| Issue: | Senior notes
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| Tenor: | Five years
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| Bookrunners: | J.P. Morgan SE and Goldman Sachs
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| Price: | Par
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| Call: | Non-callable for two years
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| Listing: | Dublin
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| Ratings: | S&P: B+
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| Fitch: BB-
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