Latham & Watkins Advises Acciona on Green Private Placement

Latham & Watkins has advised Acciona Financiación Filiales, S.A.U. and its parent company, Acciona, S.A., in connection with a green private placement of senior guaranteed notes with institutional investors. Acciona, a global leader in infrastructure and renewable energy listed on the Spanish stock exchanges, develops and operates projects across the energy, transport, water, and social infrastructure sectors worldwide.

The transaction consisted of an issuance of approximately US$340 million equivalent of senior guaranteed green notes, denominated in both US dollars and euros, in four series with varying maturities. The proceeds of the offering will be used in accordance with Acciona's Sustainable Impact Financing Framework, which supports the financing and refinancing of eligible sustainable investments and other sustainability-focused initiatives. 

Latham & Watkins represented Acciona with a team led by London/Paris Capital Markets partner Roberto Reyes Gaskin on US law matters, with associate Loran Radovicka. Advice was also provided on Spanish law matters by partner José Antonio Sánchez-Dafos, with counsel Carmen Esteban and associate María Domingo; and on Spanish tax matters by partner Iván Rabanillo, with associate Juan Rodríguez.