ARTICLE
17 November 2016

Enersis Issued A USD600 Million Bond

Chadbourne & Parke LLP in New York and Carey in Santiago have helped Chilean power company Enersis issue US$600 million worth of notes.
Chile Corporate/Commercial Law

Chadbourne & Parke LLP in New York and Carey in Santiago have helped Chilean power company Enersis issue US$600 million worth of notes.

The joint bookrunners hired the New York office of Davis Polk & Wardwell LLP and Claro & Cía in Santiago. Enersis issued the 4% notes, which are due in 2026, on 25 October.

It is thought the trustee, BNY Mellon, called on Carter Ledyard & Milburn LLP, but this could not be confirmed before publication.

Enersis, which is controlled by Italy's Enel, wants to use the proceeds to repay 7.4% notes due in December and repurchase stock from shareholders in preparation for its mooted merger with Chilectra, another local electricity distributor.

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