Celeo Redes Operación Chile S.A.’s $379 Million Notes Offering


Claro & Cia, Mayer Brown, Milbank and Garrigues have advised on the transaction

Celeo Redes Operación Chile S.A. finalizes the offering of $379 million aggregate principal amount of 5.200% Series A Senior Secured Notes due 2047.

Celeo Redes Operación Chile S.A. is an operator of power transmission systems in Chile. The Notes will be guaranteed by the Issuer’s subsidiaries, Alto Jahuel Transmisora de Energía S.A. and Charrúa Transmisora de Energía S.A., and secured by a first priority interest in certain existing and future assets of the Issuer and the Guarantors. Each of the guarantors operates electricity transmission projects and circuit lines, either in operation or under construction in Chile.

Goldman Sachs, JP Morgan and BBVA Securities acted as Global Coordinator and Initial Purchasers.

Claro & Cia. has advised Celeo Redes Operación Chile S.A with José Luis Ambrosy (picture), Jaime Salas, Philippa Cooper, Vicente Portales, Andrés de Sante and Josefina Ayala.

In New York Mayer Brown LLP has advised Celeo Redes Operación Chile S.A with Christopher Erckert, David Bakst, Sean Kulkarni, Javier Balbontín Harseim and Valentina Castillo.

Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers with Marcelo Mottesi, Ben Garcia, Kaveh Namazie, Andres Osornio, Gonzalo Guitart. The team also included the head of Milbank’s Global Project, Energy and Infrastructure Finance practice Dan Bartfeld, as well as associate Andres Arnaldos-Montaner.

Garrigues has advised BBVA Corredores de Bolsa, JP Morgan Corredores de Bolsa and de Banco del Estado de Chile, acting as initial Purchasers with Pedro García Morales, Antonio Morales, Francisco Irarrázaval, Federico Espinosa and Sofía Duralde.

Involved fees earner: Christopher Erckert – Mayer & Brown; David Bakst – Mayer & Brown; Sean Kulkarni – Mayer & Brown; Valentina Castillo – Mayer & Brown; Marcelo Mottesi – Milbank; Ben Garcia – Milbank; Kaveh Namazie – Milbank; Andres Osornio Ocaranza – Milbank; Gonzalo Guitart – Milbank; Daniel Bartfeld – Milbank; Andrés Arnaldos Montaner – Milbank; José Luis Ambrosy – Claro y Cia; Jaime Salas – Claro y Cia; Philippa Cooper – Claro y Cia; Vicente Portales – Claro y Cia; Andrés Del Sante – Claro y Cia; Josefina Ayala – Claro y Cia; Pedro García Morales – Garrigues; Antonio Morales Mutis – Garrigues; Federico Espinosa Fernández – Garrigues; Sofía Duralde – Garrigues; Francisco Irarrázaval Armendáriz – Garrigues;

Law Firms: Mayer & Brown; Milbank; Claro y Cia; Garrigues;

Clients: Goldman, Sachs & Co.; JP Morgan; Banco Bilbao Vizcaya Argentaria (Bbva); JP Morgan Securities; Banco del Estado de Chile; Banco Bilbao Vizcaya Argentaria (Chile); Celeo Redes Operación Chile S.A.;

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Author: Ambrogio Visconti.