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Tierra Mojada Luxembourg II S.à r.l. Provides Major Updates on Consent Solicitation

On March 13, 2026, Tierra Mojada Luxembourg II S.à r.l. (formerly known as FEL Energy VI S.à r.l.) provided a significant announcement regarding its consent solicitation for its 5.750% Senior Secured Notes due 2040. The company reported that it has successfully received the necessary consents, fulfilling the requirements to implement proposed amendments related to its contractual obligations.

The consent solicitation was a critical step for Tierra Mojada to amend a service agreement crucial for improving its power generation efficiency. The amendments in question would permit the installation of a MeeFog Wet Compression System on its GE 7HA.02 gas turbines, a crucial enhancement at its power plant located in Zapotlanejo, Jalisco, Mexico. This strategic modification is aimed at optimizing performance and increasing the plant's efficiency, which currently operates at an impressive capacity of 874.5 MW.

Required Approvals and Response Rates

To proceed with the proposed amendments, Tierra Mojada needed the affirmative votes from over 50% of its senior debt holders. The company announced that it obtained significant support from various stakeholders. As of March 13, at approximately 5 p.m. New York City time, the consent gathering process indicated that it had received backing from holders of Notes amounting to about U.S.$573,966,028.14 of principal, representing approximately 64.35% of the total exposure. Contributions from the lenders under its amended credit agreement added a further U.S.$200 million, leading to a total consent level of approximately 86.77% of the combined exposure.

The participation from these lenders was vital. It not only shows strong stakeholder confidence in Tierra Mojada’s operational direction but it also lays a foundation for upcoming enhancements within its power management systems.

Consent Fee and Payment

Tierra Mojada indicated that it would reward those who consistently supported the amendments, with a consent fee of U.S.$1.00 per U.S.$1,000 original principal amount of Notes. This payout would occur within five business days following the expiration of the consent solicitation period, contingent upon the execution of an amended agreement and the successful completion of the proposed amendments.

The Company reassured all participating parties that their valid requests cannot be retracted, ensuring that the amendments will proceed as planned. This clearly demonstrates a commitment to maintaining transparency and stakeholder value during these strategic changes.

Next Steps for the Company

Once the consent fee is paid and the amendments become operative, Tierra Mojada will finalize the Amended Agreement with the provider of contractual services, GE Vernova Global Services GmbH. The firm will then move forward to integrate the MeeFog system into their operational framework, which is anticipated to elevate operational standards significantly.

In light of these developments, Tierra Mojada Luxembourg II underscores its dedication to optimizing energy production through innovative technologies and partnerships. It reflects the larger trend in the energy sector, where efficiency and sustainability remain at the forefront of strategic planning. This move not only enhances their current operations but also positions them strongly for future undertakings.

For any clarifications or inquiries regarding the consent fee and payment procedures, stakeholders may contact the appointed Information Tabulation Agent at their designated phone numbers or email addresses, ensuring that open lines of communication remain.

As Tierra Mojada Luxembourg II transitions through these significant changes, stakeholders remain optimistic about the future, recognizing that such strategic decisions can have profound impacts on the sustainability and efficiency of energy production.