Cariola advises on $300m loan to Enel
Cariola Díez Pérez-Cotapos has assisted the administrative agent and lenders in the granting of a $300 million credit facility in favour of Enel Chile
Cariola Díez Pérez-Cotapos has advised, locally, The Bank of Nova Scotia, as administrative agent and lender, and Mizuho Bank, Ltd., Milan Branch, as lender, in connection with a Senior Unsecured Revolving Credit Agreement granted to Enel Chile.
The facility was in the amount of $300 million US dollars and was dated April 12, 2022.
In the transaction Davis Polk acted as New York counsel to the administrative agent and the lenders; Winston & Strawn LLP acted as New York counsel to Enel; and Morales & Besa acted as Chilean counsel to Enel.
Enel is a Chilean utility company. The use of the proceeds of the loans will be for general corporate purposes.
Macarena Navarro acted as in-house counsel to Enel Chile.
Davis Polk’s team comprised James Vickers, Luis Felipe Sousa, Maurice Blanco and Meredith Smith.
Winston & Strawn LLP was represented by Claude Serfilippi and Lucas Maranhao.
Morales & Besa’s team was led by partner José Miguel Carvajal, assisted by associates Rocío Vergara and José Manuel Meli.
Cariola’s team included partner Rodrigo Sepúlveda (pictured left) and associates Teresita Fernández (pictured top right) and Glen Rybertt (pictured bottom right).
