Chicago, June 30 – SPI Energy SA raised $135 million in the public Argentine market in two series of U.S. dollar-linked senior secured notes, according to a press release.
The company sold $33,499,900 of 4% class 1 senior secured notes due 2026 and $101,500,100 of 6¾% class 2 senior secured notes due 2032.
Proceeds will be used to fund the expansion and conversion to combined cycle of the San Pedro power plant.
SPI Energy owns and operates the San Pedro simple-cycle thermal power generation plant, located in Buenos Aires, Argentina. The issuer is a subsidiary of SCC Power plc.
| Issuer: | SPI Energy SA
|
| Amount: | $135 million
|
| Issue: | U.S. dollar-linked senior secured notes
|
| Settlement date: | June 27
|
| Distribution: | Argentina
|
|
|
| Class 1
|
| Amount: | $33,499,900
|
| Issue: | Class 1 senior secured notes
|
| Maturity: | 2026
|
| Coupon: | 4%
|
|
|
| Class 2
|
| Amount: | $101,500,100
|
| Issue: | Class 2 senior secured notes
|
| Maturity: | 2032
|
| Coupon: | 6¾%
|
|
|
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