Contract
Exhibit 4.22
This Amendment No. 1 to Note Issuance Facility Agreement, dated as of March 30, 2021 (this "Amendment"), is among (i) Atlantica Sustainable Infrastructure plc, a company
incorporated in England and Wales with company number 08818211 (the "Company"), (ii) Lucid Agency Services Limited, on behalf of the Required Holders and as agent for the Purchasers (in such capacity, the "Agent"), (iii) Atlantica North America LLC ("ANA"), and (iv) Atlantica Newco Limited, a company incorporated in England and Wales with company number 12495091 ("UK Newco" and together with ANA, the "Reference Additional Guarantors").
W I T N E S S E T H:
WHEREAS, the Company, the Guarantors party thereto, the purchasers party thereto and the Agent entered into that certain note issuance facility agreement dated as of July 8, 2020 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the "NIFA");
WHEREAS, under the NIFA the Company and its Subsidiaries are allowed to carry out the Permitted Reorganization (as defined therein), and in connection therewith to release the Guarantee of ASHUSA
Inc. and ASUSHI Inc. (the "Existing US Guarantors");
WHEREAS, the definition of the term Permitted Reorganization under the NIFA does not accurately reflect the intended corporate reorganization, and in connection therewith the Company has requested
the Agent and the Purchasers to amend the NIFA in order to (i) accurately set forth the intended corporate reorganization, and (ii) join the Reference Additional Guarantors as additional Guarantors; and
WHEREAS, the Purchasers are agreeable to such request upon the terms and subject to the conditions set forth herein.
NOW THEREFORE, in consideration of the premises and the agreements, provisions and covenants set forth herein, the parties hereto agree as follows:
1. Defined Terms; Rules of Construction. This Amendment is entered into in accordance with Article 18.1 of the NIFA and constitutes an integral part of the NIFA. Unless otherwise
defined herein, capitalized terms used herein which are defined in the NIFA, as amended by this Amendment, are used herein as therein defined. The rules of interpretation set forth in Section 22.5 of the NIFA shall apply mutatis mutandis to this Amendment.
2. Amendment. Effective as of the Amendment No. 1 Effective Date (as defined below),
(a) Section 9.7(a)(ii) of the NIFA is hereby amended by deleting the word "currently";
(b) Section 9.7(b) of the NIFA is hereby amended by deleting it in its entirety;
(c) Section 10.2(e) of the NIFA is hereby amended by replacing it in its entirety with the following: "Notwithstanding anything to the contrary in this Section 10.2, the Note
Parties shall be permitted to consummate the Permitted Reorganization."
(d) Section 23.6(e) of the NIFA is hereby amended by replacing it in its entirety with the following:
"Upon the receipt by the holders of a certificate from the Company, signed by a Responsible Officer of the Company, certifying that (i) the Company has, directly or
indirectly, formed NewCo as its Wholly-Owned Subsidiary (to be organized under the laws of the State of Delaware), (ii) all of the existing and outstanding Equity Interests in ASHUSA Inc. and ASUSHI Inc. shall have been acquired by and/or shall
have been contributed to Atlantica North America LLC (organized under the laws of the State of Delaware); (iii) all of the existing and outstanding Equity Interests in NewCo shall have been acquired by and/or shall have been contributed to
Atlantica Newco Limited (organized under the laws of England and Wales), ASHUSA Inc. and ASUSHI Inc.; and (iv) all of the existing and outstanding Equity Interests in each of ASO Holdings Company LLC (organized under the laws of the State of
Delaware) and Mojave Solar Holdings LLC (organized under the laws of the State of Delaware) shall have been acquired by and/or shall have been contributed to Atlantica North America LLC and NewCo, together with copies of the definitive documentation
evidencing such acquisitions and/or contributions certified by such Responsible Officer as being true, complete and correct copies thereof, then:
|
(i)
|
each of ASHUSA Inc. and ASUSHI Inc. shall automatically cease to be a Guarantor and shall be released of its obligations as "Guarantor" hereunder, without any further action by any party hereto; and
|
| (ii) |
the definition assigned to the term "Guarantors" shall be automatically amended and replaced in its entirety with the following, without any further action by any party hereto:
|
"Guarantors" means, collectively,
(a) Atlantica Infraestructura Sostenible, S.L.U. (f/k/a Atlantica Infrastructures S.L.U. (organized under the laws of Spain), Atlantica Peru S.A. (f/k/a ABY Concessions Peru S.A.) (organized under
the laws of the Republic of Peru), ACT Holding, S.A. de C.V. (organized under the laws of Mexico), Atlantica Investments Limited (organized under the laws of England and Wales), Atlantica Newco Limited (organized under the laws of England and
Wales) and Atlantica North America LLC (organized under the laws of the State of Delaware); and
(b) any other Subsidiary that from time to time provides a Note Guarantee in accordance with the provisions of this Agreement,
in each case, until the Note Guarantee of such Person has been released in accordance with the provisions of this Agreement."
2
(e) Exhibit A of the NIFA is hereby amended by replacing the definitions of the terms "Guarantors," "NewCo" and "Permitted Reorganization" in their entirety with the following:
"Guarantors" means, collectively:
(a) Atlantica Infraestructura Sostenible, S.L.U. (f/k/a Atlantica Infrastructures S.L.U.) (organized under the laws of Spain), Atlantica
Peru S.A. (f/k/a ABY Concessions Peru S.A.) (organized under the laws of the Republic of Peru), ACT Holding, S.A. de C.V. (organized under the laws of Mexico), Atlantica Investments Limited (organized under the laws of England and Wales), Atlantica
Newco Limited (organized under the laws of England and Wales), Atlantica North America LLC (organized under the laws of the State of Delaware), and subject to Section 23.6(e), ASHUSA Inc. (organized under the laws of the State of Delaware) and
ASUSHI Inc. (organized under the laws of the State of Delaware); and
(b) any other Subsidiary that from time to time provides a Note Guarantee in accordance with the provisions of this Agreement.
"NewCo" means a Delaware limited liability company formed or to be formed, directly or indirectly, by the Company as its Wholly-Owned Subsidiary, in connection
with the Permitted Reorganization.
"Permitted Reorganization" means a corporate reorganization of certain Subsidiaries of the Company existing under the Laws of a state in the United States (such
Subsidiaries, the "US Subsidiaries") as a result of which (i) the Company will, directly or indirectly, form NewCo as its Wholly-Owned Subsidiary (to be organized under the laws of the State of Delaware); (ii) all of the existing and outstanding
Equity Interests in ASHUSA Inc., ASUSHI Inc. and Atlantica DCR LLC will be acquired by and/or contributed to Atlantica North America LLC (organized under the laws of the State of Delaware); (iii) all of the existing and outstanding Equity Interests
in NewCo will be acquired by and/or contributed to Atlantica Newco Limited (organized under the laws of England and Wales), ASHUSA Inc. and ASUSHI Inc.; and (iv) all of the existing and outstanding Equity Interests in each of ASO Holdings Company LLC
(organized under the laws of the State of Delaware) and Mojave Solar Holdings LLC (organized under the laws of the State of Delaware) shall be acquired by and/or shall be contributed to Atlantica North America LLC and NewCo; with ASHUSA Inc. and
ASUSHI Inc. becoming Non- Recourse Subsidiaries upon giving effect to Section 23.6(e), which reorganization will involve different transactions, including transfers of Equity Interests in the US Subsidiaries among such US Subsidiaries.
(f) Schedule 6.13 of the NIFA is hereby amended by replacing it in its entirety with the revised schedule attached hereto as Exhibit A.
3. Joinder. Each Reference Additional Guarantor hereby becomes a party to the NIFA as a Guarantor thereunder with the same force and effect as if originally named therein as a
Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Guarantor thereunder. Each Reference Additional Guarantor hereby represents and warrants that each of the representations
and warranties contained in the NIFA applicable to a Guarantor is true and correct on and as of the date thereof (after giving effect to this Amendment) as if made on and as of such date. The Note Parties agree that this Amendment shall constitute a
Guarantor Accession Agreement referred to in Section 9.7.
3
4. Representations and Warranties. The Company and each Reference Additional Guarantor represents and warrants to the Purchasers that:
(a) The execution, delivery and performance by the Company and each Reference Additional Guarantor of this Amendment has been duly authorized by all necessary corporate or other
organizational action, and do not and will not: (i) contravene the terms of any of such Person's Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be
made under (A) any Contractual Obligation to which such Person or any of its Subsidiaries is a party or affecting such Person or any of its Subsidiaries or the properties of such Person or any of its Subsidiaries or (B) any order, injunction, writ or
decree of any Governmental Authority or any arbitral award to which such Person or any of its Subsidiaries or the properties of such Person or any of its Subsidiaries is subject; or (c) violate any Law in any material respect.
(b) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with
the execution and delivery of this Amendment and the performance by, or enforcement against, any Note Party of this Amendment.
(c) This Amendment has been duly executed and delivered by the Company and each Reference Additional Guarantor. This Amendment constitutes a legal, valid and binding obligation of Company and
each Reference Additional Guarantor, enforceable against the Company and each Reference Additional Guarantor in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(d) There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Company and each Reference Additional Guarantor after due inquiry, threatened or
contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Note Party or any of its Subsidiaries or against any of their properties or revenues that either individually or in the aggregate, if there is a
reasonable possibility of an adverse determination and if determined adversely, could reasonably be expected to have a Material Adverse Effect.
4
(e) As of Amendment No. 1 Effective Date, no Note Party has any Subsidiaries other than those specifically disclosed in part A of Schedule 6.13 to the NIFA (after giving effect to this
Amendment), and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable, are not subject to any option to purchase or similar rights and are legally and beneficially owned by a Note
Party in the percentages specified in part A of Schedule 6.13 to the NIFA (after giving effect to this Amendment) free and clear of all Liens (other than Liens permitted under the NIFA). Part B of Schedule 6.13 to the NIFA (after giving effect to
this Amendment) specifies the Subsidiaries of the Note Parties and the Equity Interests in such Subsidiaries after giving effect to the Permitted Reorganization.
(f) Each of the representations and warranties of the Company and each Reference Additional Guarantor contained in this Amendment are true and correct as of the date hereof and as of
Amendment No. 1 Effective Date.
(g) No Default or Event of Default has occurred and is continuing or would result from the execution, delivery or effectiveness of this Amendment.
(h) No remuneration, whether by way of supplemental or additional interest or any fee or similar payment or security or other credit support, has been, or shall be, provided to or on behalf
of any creditor with respect to Indebtedness of the Obligors as consideration for such creditor agreeing to the same or similar matters or waivers set forth in this Amendment, other than any expenses of counsel to any such creditor and any fees paid
to the creditors of the Term Loan in consideration for the maturity extension and commitment increase thereof pursuant to the amendment thereof dated as of March 1, 2021.
5. Conditions to Effectiveness. This Amendment shall become effective on the date each of the following conditions has been satisfied, in each case in a manner satisfactory to the
Purchasers (such date, the "Amendment No. 1 Effective Date"):
(a) The Agent shall have received authorized and executed counterparts of this Amendment.
(b) Each Reference Additional Guarantor shall have delivered to the Agent an Officer's Certificate, dated the Amendment No. 1 Effective Date, substantially in the form of the certificates delivered pursuant to Section
4.1(b)(i).
(c) Each Reference Additional Guarantor shall have delivered to the Agent an incumbency certificate of its Responsible Officers and, if applicable, of resolutions or other action evidencing
the name, authority and specimen signature of such Responsible Officers authorized to sign, and otherwise act as a Responsible Officer in connection with, the NIFA and the other Note Documents.
(d) The Agent shall have received the following legal opinions (with sufficient copies thereof for each addressee):
(i) an opinion of Xxxxxxx, Arps, Slate, Xxxxxxx & Xxxx LLP, New York counsel to the Company, addressed to, and in form and substance satisfactory to, the Agent; and
5
(ii) an opinion of Xxxxxxx, Arps, Slate, Xxxxxxx & Xxxx (UK) LLP, English counsel to the Company, addressed to, and in form and substance satisfactory to, the Agent.
(e) The Agent shall have received evidence of the irrevocable acceptance by the Process Agent of its appointment by the Reference Additional Guarantors pursuant to Section 22.9(d) of the
NIFA.
(f) The representations and warranties of the Company in this Amendment shall be correct when made and at the Amendment No. 1 Effective Date; provided that,
to the extent that any representation or warranty specifically refers to an earlier date, it shall be correct as of such earlier date.
(g) The Company shall have paid, or caused to be paid, all fees and expenses of Xxxxx Xxxxx International LLP, special counsel to the Purchasers, relating to the transactions contemplated
hereby.
(h) The Company shall have delivered to the Agent a copy of executed amendments from its other creditors with respect to each other agreement creating or evidencing Indebtedness of the
Company incorporating into such agreement the same or similar matters set forth in this Amendment.
6. Effect of Amendment; Miscellaneous.
(a) This Amendment is a Note Document. Except as amended by this Amendment, the provisions of the NIFA and the Notes are in all aspects ratified and confirmed, shall remain in full force and
effect and shall remain as the legal, valid, binding, and enforceable obligations of the parties thereto.
(b) From and after the date of this Amendment, references in the NIFA to "this Agreement" (and indirect references such as "hereunder," "hereby," "herein" and "hereof," or words of like
import referring to the NIFA), and references in the other Note Documents to "the NIFA" (and indirect references such as "thereunder," "thereby," "therein" and "thereof," or words of like import referring to the NIFA) shall be deemed to be references
to the NIFA, as amended by this Amendment.
6
(c) This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of
an executed counterpart of a signature page by telecopier or by electronic mail in portable document format (.pdf) to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment.
7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. The provisions of Sections 22.9, 22.10 and 22.16 of the NIFA
are incorporated herein by reference, mutatis mutandis.
[Remainder of this page intentionally left blank]
7
Exhibit A
"Schedule 6.13
Part A – Before the Permitted Reorganization
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Equity Interest in Subsidiaries
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||||
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Note Party
|
Subsidiary
|
Jurisdiction
|
Percentage
of Shares
|
Type of
company
|
|
ACT Holding, S.A. de C.V.
|
Mexico
|
99.99
|
Guarantor
|
|
|
Atlantica Peru S.A.
|
Peru
|
99.991
|
Guarantor
|
|
|
ATN2, S.A.
|
Peru
|
752
|
Non-recourse subsidiary (“NRS”)
|
|
|
Atlantica Infraestructura Sostenible,S.L.U.
|
Spain
|
100
|
Guarantor
|
|
|
Atlantica Corporate Resources, S.L.
|
Spain
|
99.993
|
Immaterial
subsidiary
|
|
|
Atlantica Newco Limited
|
UK
|
100
|
Guarantor
|
|
|
Atlantica Sustainable Infrastructure Jersey Limited
|
Jersey Island
|
100
|
Immaterial subsidiary
|
|
|
Transmisora Mejillones S.A.
|
Chile
|
0.01
|
NRS
|
|
|
Transmisora Xxxxxxxxx X.X.
|
Chile
|
0.01
|
NRS
|
|
|
Palmucho S.A.
|
Chile
|
0.01
|
NRS
|
|
|
Atlantica North America LLC
|
USA
|
100
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Guarantor
|
|
|
AYES International UK Limited
|
UK
|
100
|
NRS
|
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Mexico
|
99.99
|
NRS
|
|
|
Atlantica Investments Limited
|
UK
|
100
|
Guarantor
|
|
|
ASHUSA Inc.
|
USA
|
100
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Guarantor
|
|
|
ASUSHI Inc.
|
USA
|
100
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Guarantor
|
|
|
Atlantica DCR LLC
|
USA
|
100
|
NRS
|
|
|
Atlantica North America LLC
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ASO Holdings Company LLC (class A)
|
USA
|
100
|
NRS
|
|
ASI Operations LLC
|
USA
|
100
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Immaterial
|
|
1 Atlantica Infraestructura Sotenible SLU holds one (1) share (0.01%)
2 ATN S.A. holds 25%
3 Atlantica Infraestructura Sotenible SLU holds one (1) share (0.01%)
8
|
Overnight Solar LLC
|
USA
|
100
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Immaterial
|
|
|
ASHUSA Inc.
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Mojave Solar Holdings LLC
|
USA
|
100
|
NRS
|
|
ASUSHI Inc.
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ASO Holdings Company LLC (class B)
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USA
|
100
|
NRS
|
|
Atlantica Investments Limited
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Atlantica South Africa Pty Limited
|
South Africa
|
100
|
NRS
|
|
Xxxxxx Energy Netherlands II B.V.
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The Netherlands
|
30
|
NRS
|
|
|
Fondo de Inversión Weg-4
|
Chile
|
35
|
NRS
|
|
|
Calgary District Heating Inc
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Canada
|
100
|
NRS
|
|
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Atlantica South Africa Pty Limited
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Kaxu Solar One Pty Limited
|
South Africa
|
514
|
NRS
|
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Kaxu Solar One Pty Limited
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Pectonex, R.F. Pty Limited
|
South Africa
|
50
|
NRS
|
|
Fondo de Inversión Xxx-0
|
Xxx0 Xxxxxxx SpA
|
Chile
|
100
|
NRS
|
|
Weg4 Energía SpA
|
San Xxxxx III SpA
|
Chile
|
100
|
NRS
|
|
AYES International UK Limited
|
AYES Canada Inc
|
Canada
|
100
|
NRS
|
|
ACT Holding, S.A. de C.V.
|
ACT Energy Mexico, S. de X.X. de C.V.
|
Mexico
|
99.99
|
NRS
|
|
RRHH Servicios Corporativos, S. de X.X. de C.V.
|
Mexico
|
99.99
|
Immaterial subsidiary
|
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Mexico
|
0.01
|
NRS
|
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Ca Ku A1 Servicios Compresión de Gas S.A.P.I.
|
Mexico
|
5
|
NRS
|
|
Atlantica Peru S.A.
|
ATN S.A.
|
Peru
|
99.99
|
NRS
|
4 Industrial Development Corporation holds 49%
(cont'd)
9
|
Atlantica Transmision Sur S.A.
|
Peru
|
255
|
NRS
|
|
|
Coropuna Transmisión S.A.
|
Peru
|
99.996
|
NRS
|
|
|
ATN 4 S.A.
|
Peru
|
99.997
|
NRS
|
|
|
ATN S.A.
|
Atlantica Transmision Sur S.A.
|
Peru
|
75
|
NRS
|
|
ATN 2, S.A.
|
Peru
|
25
|
NRS
|
|
|
Hidrocañete S.A.
|
Peru
|
99.998
|
NRS
|
|
|
Atlantica Infraestructura Sostenibles, S.L.U.
|
ACT Holding, S.A. de C.V.
|
Mexico
|
0.01
|
Guarantor
|
|
Transmisora Mejillones S.A.
|
Chile
|
99.99
|
NRS
|
|
|
Transmisora Xxxxxxxxx X.X.
|
Chile
|
99.99
|
NRS
|
|
|
Palmucho S.A.
|
Chile
|
99.99
|
NRS
|
|
|
Palmatir S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Banitod S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Atlantica Uruguay S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Nesyla S.A.
|
Uruguay
|
100
|
NRS
|
|
|
ABY Infraestructuras, S.L.
|
Spain
|
20
|
Immaterial subsidiary
|
|
|
Sanlúcar Solar, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Solar Processes, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Geida Skikda, S.L.
|
Spain
|
67
|
NRS
|
|
|
Geida Tlemcen, S.L.
|
Spain
|
50
|
NRS
|
|
|
Solnova Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Xxxxxx Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Écija Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Hypesol Energy Holding, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Logrosán Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Fotovoltaica Solar Sevilla, S.A.
|
Spain
|
809
|
NRS
|
|
|
Atlantica España, S.L.U.
|
Spain
|
100
|
Immaterial subsidiary
|
|
|
Atlantica Chile spa
|
Chile
|
100
|
Immaterial subsidiary
|
|
|
SJ Renovables Wind 1 SAS ESP
|
Colombia
|
50
|
NRS
|
5 ATN S.A. holds 75%
6 Atlantica Peru S.A. holds one (1) share (0.01%)
7 Atlantica Peru S.A. holds one (1) share (0.01%)
8 Atlantica Peru S.A. holds one (1) share (0.01%)
9 IDEA holds remaining 20%
10
|
SJ Renovables Sun 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
PA Renovables Sol 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
AC Renovables Sol 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
Geida Skikda, X.X.
|
Xxxxx de Skikda, S.A.P.
|
Algeria
|
51
|
NRS
|
|
Geida Tlemcen, S.L.
|
Xxxx Xxxx Xxxxxxx, S.A.P.
|
Algeria
|
51
|
NRS
|
|
Solnova Solar Inversiones, S.A.U.
|
Solnova Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Solnova Electricidad Tres, S.A.
|
Spain
|
100
|
NRS
|
|
|
Solnova Electricidad Cuatro, S.A.
|
Spain
|
100
|
NRS
|
|
|
Xxxxxx Solar Inversiones, S.A.U.
|
Solacor Electricidad Uno, S.A.
|
Spain
|
87
|
NRS
|
|
Solacor Electricidad Dos, S.A.
|
Spain
|
87
|
NRS
|
|
|
Écija Solar Inversiones, S.A.U.
|
Helioenergy Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Helioenergy Electricidad Dos, S.A.
|
Spain
|
100
|
NRS
|
|
|
Helioenergy Electricidad Uno, S.A.
|
Evacuación Xxxxxxxxxx del Xxx, X.X.
|
Spain
|
20.01
|
NRS
|
|
Helioenergy Electricidad Dos, S.A.
|
Evacuación Xxxxxxxxxx del Xxx, X.X.
|
Spain
|
20.01
|
NRS
|
|
Hypesol Energy Holding, S.A.U.
|
Hypesol Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
Helios I Hyperion Energy Investments, S.A.
|
Spain
|
100
|
NRS
|
|
|
Helios II Hyperion Energy Investments, S.A.
|
Spain
|
100
|
NRS
|
|
|
Logrosán Solar Inversiones, S.A.U.
|
Solaben Electricidad Dos, S.A.
|
Spain
|
70
|
NRS
|
|
Solaben Electricidad Tres, S.A.
|
Spain
|
70
|
NRS
|
|
|
Logrosán Solar Inversiones Dos, S.L.
|
Spain
|
100
|
NRS
|
11
|
Logrosán Solar Inversiones Dos, S.L.
|
Solaben Luxembourg S.A.
|
Luxembourg
|
100
|
NRS
|
|
Logrosan Equity Investment S.a.r.l.
|
Luxembourg
|
100
|
NRS
|
|
|
Logrosan Equity Investment S.a.r.l.
|
Extremadura Equity Investment S.a.r.l.
|
Luxembourg
|
100
|
NRS
|
|
Extremadura Equity Investment S.a.r.l.
|
Solaben Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Solaben Electricidad Seis, S.A.
|
Spain
|
100
|
NRS
|
|
|
Solaben Electricidad Uno, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Dos, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Tres, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Seis, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Banitod S.A.
|
Cadonal S.A.
|
Uruguay
|
100
|
NRS
|
|
Atlantica Uruguay S.A.
|
Estrellada S.A.
|
Uruguay
|
100
|
NRS
|
12
Part B – After the Permitted Reorganization
|
Equity Interest in Subsidiaries
|
||||
|
Note Party
|
Subsidiary
|
Jurisdiction
|
Percentage of Shares
|
Type of company
|
|
ACT Holding, S.A. de C.V.
|
Mexico
|
99.99
|
Guarantor
|
|
|
Atlantica Peru S.A.
|
Peru
|
99.9910
|
Guarantor
|
|
|
ATN2, S.A.
|
Peru
|
7511
|
Non-recourse subsidiary (“NRS”)
|
|
|
Atlantica Infraestructura Sostenible,S.L.U.
|
Spain
|
100
|
Guarantor
|
|
|
Atlantica Corporate Resources, S.L.
|
Spain
|
99.9912
|
Immaterial
subsidiary
|
|
|
Atlantica Newco Limited
|
UK
|
100
|
Guarantor
|
|
|
Atlantica Sustainable Infrastructure Jersey Limited
|
Jersey Island
|
100
|
Immaterial subsidiary
|
|
|
Transmisora Mejillones S.A.
|
Chile
|
0.01
|
NRS
|
|
|
Transmisora Xxxxxxxxx X.X.
|
Chile
|
0.01
|
NRS
|
|
|
Palmucho S.A.
|
Chile
|
0.01
|
NRS
|
|
|
Atlantica North America LLC
|
USA
|
100
|
Guarantor
|
|
|
AYES International UK Limited
|
UK
|
100
|
NRS
|
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Mexico
|
99.99
|
NRS
|
|
|
Atlantica Investments Limited
|
UK
|
100
|
Guarantor
|
|
|
Atlantica North America LLC
|
ASHUSA Inc.
|
USA
|
100
|
NRS
|
|
ASUSHI Inc.
|
USA
|
100
|
NRS
|
|
|
Atlantica DCR LLC
|
USA
|
100
|
NRS
|
|
|
ASO Holdings Company LLC (class A)
|
USA
|
100
|
NRS
|
|
10 Atlantica Infraestructura Sotenible SLU holds one (1) share (0.01%)
11 ATN S.A. holds 25%
12 Atlantica Infraestructura Sotenible SLU holds one (1) share (0.01%)
13
|
ASI Operations LLC
|
USA
|
100
|
Immaterial subsidiary
|
|
|
Overnight Solar LLC
|
USA
|
100
|
Immaterial subsidiary
|
|
|
ASHUSA Inc.
|
NewCo (class A)
|
USA
|
100
|
NRS
|
|
ASUSHI Inc.
|
NewCo (class A)
|
USA
|
100
|
NRS
|
|
NewCo
|
Mojave Solar Holdings LLC
|
USA
|
100
|
NRS
|
|
ASO Holdings Company LLC (class B)
|
USA
|
100
|
NRS
|
|
|
Atlantica Investments Limited
|
Atlantica South Africa Pty Limited
|
South Africa
|
100
|
NRS
|
|
Xxxxxx Energy Netherlands II B.V.
|
The Netherlands
|
30
|
NRS
|
|
|
Fondo de Inversión Weg-4
|
Chile
|
35
|
NRS
|
|
|
Calgary District Heating Inc
|
Canada
|
100
|
NRS
|
|
|
Atlantica South Africa Pty Limited
|
Kaxu Solar One Pty Limited
|
South Africa
|
5113
|
NRS
|
|
Kaxu Solar One Pty Limited
|
Pectonex, R.F. Pty Limited
|
South Africa
|
50
|
NRS
|
|
Fondo de Inversión Xxx-0
|
Xxx0 Xxxxxxx SpA
|
Chile
|
100
|
NRS
|
|
Weg4 Energía SpA
|
San Xxxxx III SpA
|
Chile
|
100
|
NRS
|
|
AYES International UK Limited
|
AYES Canada Inc
|
Canada
|
100
|
NRS
|
|
Atlantica Newco Ltd
|
NewCo (class B)
|
USA
|
100
|
NRS
|
|
ACT Energy Mexico, S. de X.X. de C.V.
|
Mexico
|
99.99
|
NRS
|
13 Industrial Development Corporation holds 49%
14
|
ACT Holding, S.A. de C.V.
|
RRHH Servicios Corporativos, S. de X.X. de C.V.
|
Mexico
|
99.99
|
Immaterial subsidiary
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Mexico
|
0.01
|
NRS
|
|
|
CKA1 Holding, S. de X.X. de C.V.
|
Ca Ku A1 Servicios Compresión de Gas S.A.P.I.
|
Mexico
|
5
|
NRS
|
|
Atlantica Peru S.A.
|
ATN S.A.
|
Peru
|
99.99
|
NRS
|
|
Atlantica Transmision Sur S.A.
|
Peru
|
2514
|
NRS
|
|
|
Coropuna Transmisión S.A.
|
Peru
|
99.9915
|
NRS
|
|
|
ATN 4 S.A.
|
Peru
|
99.9916
|
NRS
|
|
|
ATN S.A.
|
Atlantica Transmision Sur S.A.
|
Peru
|
75
|
NRS
|
|
ATN 2, S.A.
|
Peru
|
25
|
NRS
|
|
|
Hidrocañete S.A.
|
Peru
|
99.9917
|
NRS
|
|
|
Atlantica Infraestructura Sostenibles, S.L.U.
|
ACT Holding, S.A. de C.V.
|
Mexico
|
0.01
|
Guarantor
|
|
Transmisora Mejillones S.A.
|
Chile
|
99.99
|
NRS
|
|
|
Transmisora Xxxxxxxxx X.X.
|
Chile
|
99.99
|
NRS
|
|
|
Palmucho S.A.
|
Chile
|
99.99
|
NRS
|
|
|
Palmatir S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Banitod S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Atlantica Uruguay S.A.
|
Uruguay
|
100
|
NRS
|
|
|
Nesyla S.A.
|
Uruguay
|
100
|
NRS
|
|
|
ABY Infraestructuras, S.L.
|
Spain
|
20
|
Immaterial subsidiary
|
|
|
Sanlúcar Solar, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Solar Processes, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Geida Skikda, S.L.
|
Spain
|
67
|
NRS
|
|
|
Geida Tlemcen, S.L.
|
Spain
|
50
|
NRS
|
|
|
Solnova Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Xxxxxx Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
14 ATN S.A. holds 75%
15 Atlantica Peru S.A. holds one (1) share (0.01%)
16 Atlantica Peru S.A. holds one (1) share (0.01%)
17 Atlantica Peru S.A. holds one (1) share (0.01%)
(cont'd)
15
|
Écija Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Hypesol Energy Holding, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Logrosán Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
|
Fotovoltaica Solar Sevilla, S.A.
|
Spain
|
8018
|
NRS
|
|
|
Atlantica España, S.L.U.
|
Spain
|
100
|
Immaterial subsidiary
|
|
|
Atlantica Chile spa
|
Chile
|
100
|
Immaterial subsidiary
|
|
|
SJ Renovables Wind 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
SJ Renovables Sun 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
PA Renovables Sol 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
AC Renovables Sol 1 SAS ESP
|
Colombia
|
50
|
NRS
|
|
|
Geida Skikda, X.X.
|
Xxxxx de Skikda, S.A.P.
|
Algeria
|
51
|
NRS
|
|
Geida Tlemcen, S.L.
|
Xxxx Xxxx Xxxxxxx, S.A.P.
|
Algeria
|
51
|
NRS
|
|
Solnova Solar Inversiones, S.A.U.
|
Solnova Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Solnova Electricidad Tres, S.A.
|
Spain
|
100
|
NRS
|
|
|
Solnova Electricidad Cuatro, S.A.
|
Spain
|
100
|
NRS
|
|
|
Xxxxxx Solar Inversiones, S.A.U.
|
Solacor Electricidad Uno, S.A.
|
Spain
|
87
|
NRS
|
|
Solacor Electricidad Dos, S.A.
|
Spain
|
87
|
NRS
|
|
|
Écija Solar Inversiones, S.A.U.
|
Helioenergy Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Helioenergy Electricidad Dos, S.A.
|
Spain
|
100
|
NRS
|
|
|
Helioenergy Electricidad Uno, S.A.
|
Evacuación Xxxxxxxxxx del Xxx, X.X.
|
Spain
|
20.01
|
NRS
|
|
Helioenergy Electricidad Dos, S.A.
|
Evacuación Xxxxxxxxxx del Xxx, X.X.
|
Spain
|
20.01
|
NRS
|
18 IDEA holds remaining 20%
16
|
Hypesol Energy Holding, S.A.U.
|
Hypesol Solar Inversiones, S.A.U.
|
Spain
|
100
|
NRS
|
|
Helios I Hyperion Energy Investments, S.A.
|
Spain
|
100
|
NRS
|
|
|
Helios II Hyperion Energy Investments, S.A.
|
Spain
|
100
|
NRS
|
|
|
Logrosán Solar Inversiones, S.A.U.
|
Solaben Electricidad Dos, S.A.
|
Spain
|
70
|
NRS
|
|
Solaben Electricidad Tres, S.A.
|
Spain
|
70
|
NRS
|
|
|
Logrosán Solar Inversiones Dos, S.L.
|
Spain
|
100
|
NRS
|
|
|
Logrosán Solar Inversiones Dos, S.L.
|
Solaben Luxembourg S.A.
|
Luxembourg
|
100
|
NRS
|
|
Logrosan Equity Investment S.a.r.l.
|
Luxembourg
|
100
|
NRS
|
|
|
Logrosan Equity Investment S.a.r.l.
|
Extremadura Equity Investment S.a.r.l.
|
Luxembourg
|
100
|
NRS
|
|
Extremadura Equity Investment S.a.r.l.
|
Solaben Electricidad Uno, S.A.
|
Spain
|
100
|
NRS
|
|
Solaben Electricidad Seis, S.A.
|
Spain
|
100
|
NRS
|
|
|
Solaben Electricidad Uno, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Dos, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Tres, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Solaben Electricidad Seis, S.A.
|
Evacuación Valdecaballeros, S.L.
|
Spain
|
14.29
|
NRS
|
|
Banitod S.A.
|
Cadonal S.A.
|
Uruguay
|
100
|
NRS
|
|
Atlantica Uruguay S.A.
|
Estrellada S.A.
|
Uruguay
|
100
|
NRS"
|
17
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers as of the day and year first above written.
|
Very truly yours,
|
||
|
EXECUTED by ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC
|
||
|
by:
|
||
|
By:
|
/s/ Xxxxxxxx Xxxxx | |
|
Name: Xxxxxxxx Xxxxx
|
||
|
Title: Director and Chief Executive Officer
|
||
|
By:
|
/s/ Xxxxx X. Xxxxxxxxx | |
|
Name: Xxxxx X. Xxxxxxxxx
|
||
|
Title: Company Secretary
|
||
|
EXECUTED by ATLANTICA NORTH AMERICA LLC
|
||
|
by:
|
||
|
By:
|
/s/ Xxxxxxxx Xxxxxx Xxxx | |
|
Name: Xxxxxxxx Xxxxxx Xxxx
|
||
|
Title: President
|
||
|
EXECUTED by ATLANTICA NEWCO LIMITED
|
||
|
by:
|
||
|
By:
|
/s/ Xxxxxxxxx Xxxxxxxx-Xxxxx | |
|
Name: Xxxxxxxxx Xxxxxxxx-Xxxxx
|
||
|
Title: Director
|
||
EXECUTED by XXXXX AGENCY
SERVICES LIMITED as Agent and on Behalf of each of the Purchasers referred to below:
FUTURE FUND INVESTMENT COMPANY NO. 2
PTY LTD (ABN 90 130 788 493)
WESTBOURNE CREDIT MANAGEMENT LIMITED
(ACN 000 000 000) AS TRUSTEE OF THE WESTBOURNE
YIELD FUND NO. 4
WESTBOURNE INFRASTRUCTURE DEBT
OPPORTUNITIES FUND II, L.P. ACTING THROUGH
ITS GENERAL PARTNER, RIMOR FUND II GP LIMITED
WESTBOURNE INFRASTRUCTURE DEBT 3 LP
ACTING THROUGH ITS GENERAL PARTNER,
WESTBOURNE INFRASTRUCTURE DEBT GP LIMITED
WESTBOURNE INFRASTRUCTURE DEBT 6 LP
ACTING THROUGH ITS GENERAL PARTNER,
WESTBOURNE INFRASTRUCTURE DEBT GP 2 LIMITED
|
By:
|
/s/ Xxxx Xxxxxxx | |
|
Name:
|
Xxxx Xxxxxxx | |
|
Title:
|
Authorised Signatory
|
|
