Chile’s Enersis Americas to issue dollar-denominated notes

By Christine Van Dusen

Atlanta, Oct. 12 – Enersis Americas SA plans to issue dollar-denominated notes, according to a company filing.

BBVA, Citigroup, JPMorgan, Morgan Stanley and Santander are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be use for repayment of the company’s 7.4% notes due Dec. 1, 2016 and its associated derivatives, to repurchase common stock, as part of the overall reorganization of the company’s businesses in Latin America and for general corporate purposes.

The notes will include a make-whole call.

Enersis holds direct and indirect participation in the electric power generation, transmission and distribution businesses. It holds a 60% interest in Endesa Chile, an electricity generation company. Both are based in Santiago, Chile.

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