New York, June 27, 2008—Shearman & Sterling represented BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer as administrative agent and Banco Bilbao Vizcaya Argentaria, S.A., Grand Cayman Branch, Caja Madrid, Miami Agency, The Bank of Tokyo-Mitsubishi UFL, Ltd., Banco Santander S.A., New York Branch and Banco Español de Crédito S.A., New York Branch as lenders of a $400 million unsecured credit facility for Empresa Nacional de Electricidad S.A. (Endesa).

The principal attorneys in the transaction are a New York-based Finance team comprising partner Denise M. Grant and associates Luis Gerardo Ramirez Villela and Mark S. Perry.

For additional information contact:
Ron Brandsdorfer | New York | T +1.212.848.5081 |