Empresa Nacional De Electricidad S.A., $200 Senior Unsecured Revolving Loan Credit Facility
Davis Polk advised the administrative agent under a $200 million senior unsecured revolving loan credit facility for Empresa Nacional De Electricidad S.A. (“Endesa Chile”). This facility replaced Endesa Chile’s prior $200 million credit facility and will be used for general corporate purposes.
Endesa Chile is a Chilean company engaged directly and through its subsidiaries and jointly controlled entities in the electricity generation business in Chile, Argentina, Colombia and Peru. Endesa Chile also has unconsolidated equity investments in companies engaged primarily in the electricity generation, transmission and distribution businesses in Brazil.
The Davis Polk team included partner James A. Florack, associate Christopher Nairn and former associate Andrew Holten. Counsel Jeanine P. McGuiness and associate Schuyler J. Schouten provided OFAC advice. Partner Lucy W. Farr and associate Caitlin Piper provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.