SMBC and SMBC Nikko Securities America, Inc. recently contributed to a deal involving the closing Aela Generación S.A.’s $710 million green bond issuance.
“The closing of this transaction demonstrates the well-coordinated effort among several deal teams that brought market-leading execution on large and complex transactions such as Innergex’s private placement,” managing director and head of project & structured finance-Latin America, David Gonzalez, said. “We want to thank everyone involved for their hard work resulting in another successful transaction, further strengthening our team’s leadership in project and structured finance in Latin America.”
The SMBC Group members confirmed the completion of the deal, considered one of the largest private placements ever recorded in Latin America. The acquisition consists of a catalog of wind components with a capacity of 332 MW across three fully operating assets, including Sarco, Cuel and Aurora.
The deal requests a refinancing process for Innergex’s Chilean platform, and the closing of Aela Generación S.A.’s $710 million green bond issuance. The proceedings were used to fund the company’s Aela acquisition, as well as “all existing debt in a portfolio of 609MW and fund the installation of a battery energy storage system,” a recent press release explains.
The first buy-side transaction deal secured by SMBC Nikko Securities America, Inc. valued at $686 million for Innergex Renewable Energy Inc., took place in early June.
SMBC Group contributed to the collaboration through its subsidiary, SMBC Nikko Securities America, Inc., which was tasked as the buy-side advisor for the Aela acquisition, and the lead placement agent and rating advisor for the U.S. Private Placement; among other financial roles.
“The strategic value that our deal and banking teams have provided to Innergex, playing multiple leadership roles, is a clear testament to the strong progress that we have made as an organization in our efforts to align seamlessly and holistically across various disciplines and entities to deliver efficient and value-added solutions to our core clients,” Carl Adams, deputy head of the Americas Division, said.