Davis Polk advised HSBC Bank plc, HSBC Securities (USA) Inc., Merrill Lynch International, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Crédit Agricole Corporate and Investment Bank, Natixis, Natixis Securities Americas LLC, Banco Santander, S.A., Santander Investment Securities Inc. and Société Générale as initial purchasers, in on a Rule 144A and Regulation S offering by Abengoa Greenfield, S.A. of €265 million 5.5% senior notes due 2019 and $300 million 6.5% senior notes due 2019, the proceeds of each of which are to be used to finance eligible green projects promoting sustainability. The notes are guaranteed by Abengoa, S.A. and certain subsidiaries of the Abengoa group.

Abengoa, S.A., headquartered in Seville, Spain, is a leading engineering and clean technology company with operations in more than 50 countries worldwide that provides innovative solutions for a diverse range of customers in the energy and environmental sectors. Over the course of its 70-year history, it has developed a unique and integrated business model that applies its accumulated engineering expertise to promoting sustainable development solutions, including delivering new methods for generating power from the sun, developing biofuels, producing potable water from seawater and efficiently transporting electricity.   

The Davis Polk corporate team included partners Michael J. Willisch and Jeffrey R. O’Brien, European Counsel John Taylor and associates Ester del Valle Izquierdo, Sonia Rodríguez, Rory Milligan, Marcus K. Hintze and Thomas K. Wiesner II. The tax team included partner John D. Paton and associate Omer Harel. Members of the Davis Polk team are based in the Madrid and London offices.