Simpson Thacher represented BBVA Securities, Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC., SMBC Nikko Securities America, Inc., MUFG Securities Americas Inc. and Mizuho Securities USA LLC, as initial purchasers, in an offering by Colbún S.A. (“Colbún”) of $500 million aggregate principal amount of 5.375 % Notes due 2035. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. The net proceeds from the offering were used by Colbún to refinance certain of its outstanding indebtedness, through a cash tender for its 3.950% notes due 2027 (the “2027 Notes”), and for general corporate purposes.
The Firm also represented BBVA Securities, Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Santander US Capital Markets LLC and SMBC Nikko Securities America, Inc. as dealer managers in connection with the tender offer for the purchase of the 2027 Notes.
Colbún, publicly traded in Chile, is a prominent player in the energy market in Chile and has a robust presence in Peru, with a portfolio of more than 300 industrial and corporate clients and an installed capacity of over 5,000 MW.
The Simpson Thacher team includes Juan M. Naveira, Kirsten L. Davis, Enrique Guijosa, Laura Ribero, Juan Felipe Saenz Dussan and Anamaria Melina Clares (Capital Markets – Latin America); and Michael Mann (Tax).