Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Empresa Eléctrica Guacolda S.A., a joint venture between AES Gener S.A. and Global Infrastructure Partners, of an aggregate principal amount of $500 million of 4.560% senior secured notes due 2025.   

Empresa Eléctrica Guacolda S.A. is engaged in the generation, transmission and supply of electricity in Chile. Guacolda owns four operational coal-fired power units with an aggregate gross capacity of 608 MW and has started construction of a fifth unit, which will have a gross capacity of 152 MW and is expected to become operational in the fourth quarter of 2015.     

The Davis Polk capital markets team included partner Maurice Blanco and associates Drew Glover and Elliot M. de Carvalho. The tax team included partner Harry Ballan and associate Anthony L. Oliva. Members of the Davis Polk team are based in the New York and São Paulo offices.   

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