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Hanwha Energy USA Holdings Corporation Completes Issuance of US$300 Million Guaranteed Senior Green Bonds

July 06, 2022

Seoul – Paul Hastings LLP, a leading global law firm, announced today that the firm has represented Hanwha Energy USA Holdings Corporation on its issuance of US$300 million 4.125% Senior Green Bonds due 2025, guaranteed by Export-Import Bank of Korea. The offering was conducted in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended. Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities LLC, The Korea Development Bank and Standard Chartered Bank acted as the joint bookrunners and joint lead managers.

Hanwha Energy USA Holdings Corporation provides services in development, design, construction, and management of various solar power projects, primarily in the United States. The proceeds of the green bonds will be used to refinance the existing renewable energy projects in accordance with the Issuer’s green financing framework.

Paul Hastings’ leading Korea practice has advised on several green bonds transactions recently, including Hana Bank’s issuance of US$600 million Senior Unsecured Sustainability Notes, Hyundai Capital’s issuance of US$300 million Senior Green Bonds, and Hanwha Solutions Corporation’s debut issuance of US$153 million Green Bonds.  

The Paul Hastings team was led by corporate partner Iksoo Kim, with support from associate Sye Myung Kim and corporate attorney David Park.

 

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity, and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.

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