By William Gullotti
Buffalo, N.Y., Sept. 20 – Electricidad Firme de Mexico Holdings, SA de CV, a subsidiary of Cometa Energia SA de CV, priced $350 million of 4.9% senior secured notes (Ba2/BB) due Nov. 20, 2026, according to a listing notice Monday.
J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc. are the joint lead managers and joint bookrunners for the Rule 144A, Regulation S and Regulation D offering.
Proceeds, according to Moody's Investors Service, will be used to refinance a bridge loan and for other general corporate purposes
The listing for the notes is expected on the Singapore Exchange effective Sept. 21.
The issuer is the holding company for Cometa, an owner and operator of gas power plans and compression stations.
Issuer: | Electricidad Firme de Mexico Holdings, SA de CV
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Amount: | $350 million
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Maturity: | Nov. 20, 2026
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Securities: | Senior secured notes
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Bookrunners: | J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc.
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Coupon: | 4.9%
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Issue date: | Sept. 20
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Listing date: | Sept. 21
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Ratings: | Moody’s: Ba2
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| Fitch: BB
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Distribution: | Rule 144A, Regulation S, Regulation D
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