Engie Energia Chile begins tender offer for 4½% notes due 2025

By Marisa Wong

Los Angeles, April 8 – Engie Energia Chile SA has begun a cash tender offer for any and all of its $350 million outstanding 4½% notes due 2025 (Cusip: 268270AD7, P36020AB4), according to a Monday press release.

The issuer is offering a tender offer consideration of $992.70 per $1,000 principal amount, plus accrued interest.

Tenders may be withdrawn at any time prior to the earlier of the expiration date and, if the offer is extended, the 10th business day after the start of the offer.

The offer expires at 5 p.m. ET on April 16. Settlement is expected to occur three business days after that.

The offer is subject to some conditions.

The dealer managers are J.P. Morgan Securities LLC (866 846-2874 or 212 834-7279), Santander US Capital Markets LLC (212 350-0660 or 855 404-3636) and Scotia Capital (USA) Inc. (800 372-3930 or 212 225-5501).

The tender and information agent is Global Bondholder Services Corp. (https://www.gbsc-usa.com/engie/; 855 654-2015 and 212 430-3774).

The electric power distribution company is based in Santiago, Chile.

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