New York, August 25, 2008—Shearman & Sterling represented Colbún, Chile’s second largest energy generation company, in a $400 million credit agreement with a syndicate of local and foreign banks and financial institutions, led by ABN AMRO, BBVA, Banco de Chile/Citigroup, Itaú and Santander, to refinance Colbún’s foreign debt.

This credit agreement was part of a five-month long series of refinancing transactions undertaken by Colbún that concluded in August with a combined value of over $1 billion.

The Shearman & Sterling team on this transaction included partner Jeanne Olivier (New York-Finance Group) and associate Marcia Dawes (New York-Finance Group).

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