Empresa Eléctrica Angamos SpA’s $388 Million Cash Tender Offer

Claro & Cia. and Shearman & Sterling advised Empresa Eléctrica Angamos SpA. Davis Polk advised the dealer managers in the transaction.

Empresa Eléctrica Angamos SpA executed its cash tender offer for up to the outstanding $388 million aggregate principal amount of its 4.875% senior secured notes due 2029.

Citigroup Global Markets Inc. (“Citigroup”) is the Global Coordinator in the Tender Offer. Citigroup, Itau BBA USASecurities, Inc. (“Itaú BBA”), Santander Investment Securities Inc. (“Santander”) and SMBC Nikko Securities America, Inc. (“SMBC Nikko”) are the Dealer Managers in the Tender Offer.

Empresa Eléctrica Angamos SpA is engaged in the generation, transmission and supply of electricity in northern Chile.

Claro & Cia. advised Empresa Eléctrica Angamos SpA with  José Luis Ambrosy.

The Davis Polk capital markets team advising the Dealer Managers included partner Maurice Blanco (Picture), counsel Drew Glover and associate Ben Somogyi. The tax team included counsel Alon Garfinkel and associate Veronica Davis.

Involved fees earner: José Luis Ambrosy – Claro y Cia; Maurice Blanco – Davis Polk & Wardwell; Veronica Davis – Davis Polk & Wardwell; Drew Glover – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Ben Somogyi – Davis Polk & Wardwell;

Law Firms: Claro y Cia; Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; Empresa Eléctrica Angamos S.A.; Itaú BBA USA Securities; Santander Investment Securities Inc.; SMBC Nikko Securities America;

Author: Ambrogio Visconti