Enel Chile announces offering of dollar-denominated notes

By Rebecca Melvin

New York, May 30 – Enel Chile SA is planning an offering of dollar-denominated notes via six bookrunners, according to a 424B3 filing with the Securities and Exchange Commission.

BBVA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and Scotiabank are joint bookrunning managers of the deal.

The notes are freely callable at par plus a make-whole amount.

The securities will be registered with the SEC.

Proceeds will be used to refinance outstanding borrowings under its credit agreement, which was used to fund the cash portion of a 2018 reorganization, and for general corporate purposes.

Enel Chile is power generation and distribution company that is 61.9% owned by Italy’s Enel SpA.

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