Chicago, Nov. 7 – Chile’s Empresa Electrica Cochrane SpA priced $430 million of 5˝% senior notes (Ba1//BBB-) due May 15, 2027, according to a listing.
The Regulation S notes have a call feature.
Last year, the issuer was set to price $725 million of 16-year notes but ended up pulling the deal in October.
Proceeds from the notes will be used to refinance debt.
The company is an electric utility.
| Issuer: | Empresa Electrica Cochrane SpA
|
| Issue: | Senior notes
|
| Amount: | $430 million
|
| Maturity: | May 15, 2027
|
| Coupon: | 5˝%
|
| Listing date: | Nov. 5, 2019
|
| Ratings: | Moody’s: Ba1
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
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