Morgan & Morgan Advised The AES Corporation in the Issuance and Sale of USD310 Million Senior Guaranteed Notes
April, 2013 - Panama, Panama
Morgan & Morgan advised AES El Salvador, S.A. de C.V., Compañía de Alumbrado Eléctrico de San Salvador, S.A. de C.V., Empresa Eléctrica de Oriente, S.A. de C.V., AES-Clesa y Compañía, S. en C. de C.V. and Distribuidora Eléctrica de Usulután, S.A. de C.V. – all affiliates of THE AES CORPORATION – in the issuance and sale of US$310,000,000 in Senior Guaranteed Notes due March 28, 2023 bearing interest at the annual rate of 6.75% by MMG Trust (Panama), S.A., a Panamanian corporation, acting not in its individual capacity but solely in its capacity as trustee of the AES El Salvador Trust II, a trust formed under Panamanian Law. The Notes were issued under Rule 144A and registered before the Irish Stock Exchange. The transaction closed successfully on March 28, 2013 and was the second such issuance by AES affiliates in El Salvador.
All of the AES affiliates in this transaction were represented by the Morgan and Morgan team comprised by partners Inocencio Galindo and Ramón Varela, as well as associates Roberto Vidal and Carlos Hoyos.
MMG Trust (Panama), S.A., was represented by partner Eduardo Gonzalez.
