Endesa Chile obtains $200 million revolver

By Jennifer Chiou

New York, Dec. 12 - Endesa Chile signed a $200 million revolving line of credit in order to obtain greater financial flexibility and liquidity, according to a 6-K with the Securities and Exchange Commission.

The credit line has a maturity of three years and a rate of Libor plus 25 basis points with a 12.5 bps commitment fee.

ABN Amro, Banco Santander, BNP Paribas and Instituto de Crédito Oficial led lenders.

The company added that this facility will be syndicated in the international banking markets during January in Santiago, New York and Madrid.

Madrid-based power generator company Endesa owns Enersis and Santiago-based Endesa Chile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.