HOUSTON, TEXAS (Editors at Energy Analytics Institute, 17.Jan.2025) — Cometa Energía, S.A. de C.V., a variable capital corporation (sociedad anónima de capital variable) organized and existing under the laws of the United Mexican States and Tierra Mojada Luxembourg II S.à r.l. (f/k/a FEL Energy VI S.à r.l.), a private limited liability company (société à responsabilité limitée) organized and existing under the laws of the Grand Duchy of Luxembourg, announced commencement of tender offers to purchase for cash, subject to certain terms and conditions, as described in the offer to purchase, dated 17 Jan. 2025, up to a total of $100,000,000 aggregate original principal amount of the 6.375% Senior Secured Notes due 2035 (CUSIP No. 144A – 20039F AA7; Reg S – P29853 AA9) issued by Cometa and up to a total of $115,000,000 aggregate original principal amount of the 5.750% Senior Secured Notes due 2040 (144A – 30260L AA3; Reg S – L3500L AA7) issued by Tierra Mojada, in each case subject to the applicable series maximum tender amount and proration.
Cometa is the offeror for the Cometa notes and Tierra Mojada is the offeror for the Tierra Mojada notes. Each offeror is an indirect subsidiary of Saavi Energia S.à r.l.
Saavi Energia is the largest private power generator in Mexico in terms of installed capacity, after the Federal Electricity Commission (Comisión Federal de Electricidad) of Mexico, or, a state owned entity, and Fideicomiso de Inversión en Energía México, a Mexican special purpose trust (fideicomiso) sponsored by the National Infrastructure Trust Fund (Fideicomiso Fondo Nacional de Infraestructura) and managed by Mexico Infrastructure Partners FF, S.A.P.I. de C.V., with a significant investment from the Mexican government. Saavi Energia has more than 25 years of experience in Mexico.
Saavi Energia, directly and through a majority-owned partnership in EAVIII, owns and operates a geographically diversified portfolio of US dollar-based, long-term contracted, operationally efficient and highly competitive assets with 3,748 MW in total permitted generation capacity (3,384 MW net generation capacity adjusted for equity share held by Saavi Energia in its joint venture).
The following table sets forth certain terms of the tender offers:

(1) Excludes accrued and unpaid interest up to, but not including, the applicable settlement date, which will be paid in addition to the tender offer consideration or total consideration, as applicable.
(2) Includes the early tender premium. The payment to holders will be either (i) in the case of holders who tender on or prior to the early tender date, the total consideration multiplied by the applicable factor or (ii) in the case of Holders who tender after the early tender date, the tender offer consideration multiplied by the applicable factor.
(3) The factor for each series of securities is a number that represents a fraction (expressed as a decimal rounded to 8 decimal digits), the numerator of which represents the unpaid principal amount of such series of securities and the denominator of which represents the original principal amount of such series of securities, and may be adjusted following each interest payment date (as adjusted from time to time, the “factor”).
The tender offers are scheduled to expire at 5pm New York City time on 18 Feb. 2025, unless extended or earlier terminated by the offerors. The tender offers are being made pursuant to the offer to purchase, which sets forth a more detailed description of the tender offers. Registered holders of the applicable series of securities are urged to carefully read the offer to purchase before making any decision with respect to the tender offers.
The aggregate original principal amount of each series of securities that may be purchased pursuant to the tender offers will not exceed the applicable maximum tender amount set forth in the table above (with respect to each series of securities, the “series maximum tender amount”).
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.