LUXEMBOURG, March 3, 2026/ PRNewswire/– Tierra Mojada Luxembourg II S.à r.l. (f/k/a FEL Energy VI S.à r.l.) (” Business,” “we,” “us,” or “our”) revealed today that it is obtaining authorizations (the “Permission Solicitation”) from the holders of its 5.750% Senior Protected Notes due 2040 (the “Notes”) being made with regard to specific proposed changes to the legal service arrangement dated since May 8, 2017 (the “Contractual Service Contract”) by and amongst Ciclo Combinado Tierra Mojada, S de R.L. de C.V. and GE Vernova Global Solutions GmbH (f/k/a General Electric Global Solutions GmbH) that will permit us to set up a MeeFog Wet Compression System (” MWCS”) on either or both of the GE 7HA.02 gas turbines (the “Turbines”) set up in its 874.5 MW CCGT power plant situated in Zapotlanejo, Jalisco, Mexico. The Permission Solicitation is being made pursuant to the authorization solicitation declaration dated March 3, 2026 (as might be changed or supplemented from time to time, the “Permission Solicitation Declaration”), pursuant to which we propose ensuring changes to, to name a few areas, Liability, Examine Just Elements, Service Warranty, Upkeep, Efficiency Guarantees, Blackout Period Guarantees and Suspension Rights (the “Proposed CSA Changes”).
The Permission Solicitation was begun today and will end at 5:00 p.m., New york city City time, on March 13, 2026, unless extended by the Business (each such date and time, as the very same might be extended, is described as the “Expiration Time”). Just holders of the Notes since the Record Date (as specified in the Permission Solicitation Declaration) of the suitable Notes are entitled to grant the Proposed CSA Changes pursuant to the suitable Permission Solicitation.
In order to effect the Proposed CSA Changes (explained in more information in the Permission Solicitation Declaration), the Business proposes to participate in a modification to the Contractual Service Contract (the “Amended Contract”).
The adoption of the Proposed CSA Changes needs the previous composed approval of the holders of the Notes and the lending institutions under the Credit Contract (as specified listed below) (jointly, the “Senior Debtholders”) whose share, since the date of estimation, is more than 50% of the amount (the “Essential Consents”) (computed without duplication) of the following: (a) the aggregate exceptional principal quantity of Loans (as specified in the Indenture), unreimbursed LC Disbursements (as specified in the Indenture), the aggregate offered undrawn quantity of the Letters of Credit (as specified in the Indenture) and the offered undrawn dedications under the Credit Contract; and (b) the aggregate exceptional principal quantity of the Notes (the “Combined Direct Exposure”). Simultaneously with this Permission Solicitation, the Business is obtaining composed approval from the lending institutions under that specific Amended and Restated Credit Contract dated since September 4, 2024 amongst Tierra Mojada, as debtor, the guarantors celebration thereto, the releasing banks celebration thereto from time to time, the lending institutions celebration thereto from time to time, and Scotiabank Inverlat, S.A. Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat, as Administrative Representative (the “Credit Contract”).
Since the date hereof, the amount of (a) the aggregate exceptional principal quantity of Loans, (b) the unreimbursed LC Disbursements, (c) the aggregate offered undrawn quantity of the Letters of Credit and (d) the offered undrawn dedications under the Credit Contract, was U.S.$ 200,000,000. Since the Release Date, lending institutions representing U.S.$ 200,000,000 have actually authorized the Proposed CSA Changes, representing 22.42% of the Integrated Direct exposure.
The Proposed CSA Changes make up a single proposition with regard to the Notes, and a consenting holder should grant the Proposed CSA Change as a totality with regard to the Notes and might not consent selectively with regard to the Proposed CSA Changes (consisting of, for the avoidance of doubt, the Amended Contract).
The following table state specific regards to the Permission Solicitation:
With regard to the Permission Solicitation, and based on the conditions explained herein, a money authorization cost
The Permission Solicitation Declaration has actually not been submitted with or evaluated by any federal or state securities commission or authority of any jurisdiction, nor has any such commission or authority passed upon the precision or adequacy of the Permission Solicitation Declaration. Any representation to the contrary is illegal and might be a crime.
- Tierra Mojada– Permission Solicitation Discussion (March 2026)
The info that we include by referral is thought about to be part of the Permission Solicitation Declaration. Any other info included on such site is not a part of the Permission Solicitation Declaration.
No Deal or Solicitation
Cautionary Note Concerning Forward-Looking Statements
Media Contact:
[email protected]
SOURCE Tierra Mojada Luxembourg II S.à r.l.