Shearman & Sterling represented E.CL S.A. (“E.CL”), a Chilean power company, in connection with its Rule 144A/Regulation S offering of US$350 million aggregate principal amount of its 4.500% Senior Notes due 2025. The proceeds of the offering, together with other available cash, were used for the full repayment of the outstanding project financing loans of one of its subsidiaries and all costs arising from the early termination of the related interest-rate swaps.

E.CL is engaged in the generation, transmission and supply of electricity and the transportation of natural gas in the north of Chile, as well as the transportation of natural gas in Argentina.

The Team