Home Legal Advice Latham & Watkins Advises the Initial Purchasers in Renewable Energy Group, Inc.’s...

Latham & Watkins Advises the Initial Purchasers in Renewable Energy Group, Inc.’s Upsized US$550 Million Green Bond Offering


Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) has introduced the pricing of its upsized providing of US$550 million combination principal quantity of 5.875% senior secured notes due 2028 (the Notes) in a non-public placement pursuant to exemptions from the registration necessities of the Securities Act of 1933, as amended. The providing was upsized from the beforehand introduced US$500 million providing quantity. The sale of the Notes is scheduled to shut on May 20, 2021, topic to satisfaction of customary closing situations. REG intends to make use of the online proceeds to finance or refinance, partially or in full, new and/or current eligible inexperienced initiatives, together with the growth of REG’s Geismar, Louisiana biorefinery.

Latham & Watkins LLP represents the preliminary purchasers within the providing with a company deal workforce led by Houston companions David Miller and Trevor Lavelle. New York companion Greg Rodgers offered extra steering within the transaction. The capital markets workforce included Houston associates Madeleine Neet, Kate Wang, Sarah Dunn, Trevor Bossi, and Joseph Kmetz. Advice was additionally offered on finance issues by Houston companion Matt Jones, with Houston associates Ben Gelfand, Jack Traylor, and Jessica Sherman; on environmental issues by Los Angeles counsel Josh Marnitz; and on tax issues by Houston companion Jim Cole, with Houston affiliate Emily Fawcett.

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