Global law firm White & Case has advised Enel Group on US$4 billion Yankee bonds issued pursuant to Rule 144A and Regulation S under the US Securities Act.
White & Case advised on the transaction's US, English and Italian law aspects. The issuance consists of US$1 billion 7.100% notes due 2027, issued by Enel Finance America LLC, and US$750 million 6.800% notes due 2025, US$1.250 billion 7.500% notes due 2032 and US$1 billion 7.750% notes due 2052 issued by Enel Finance International NV.
The issuance is linked to Enel Group's decarbonisation path, with the 30-year tranche linked to its target of zero direct greenhouse gas emissions from the production of electricity and heat by 2040.
The White & Case team that advised on the transaction was led by partners Michael Immordino (London & Milan), Ferigo Foscari (Milan) and Evgeny Scirtò Ostrovsky (London & Milan), and included partners Richard Pogrel (London), David Johansen, Elodie Gal (both New York) and Chad McCormick (Houston), associates Pietro Magnaghi, John Sanders, Lorenza Fici (all Milan), Grayson Weeks (New York), Gracia Truan and Esther Gabilondo (both Madrid) and lawyers Lorenzo Suzzi and Francesco Balestra (both Milan).
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