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News Sep 19, 2017

Shearman & Sterling Advises on ENAP’s $600 Million Notes Offering

Shearman & Sterling represented Empresa Nacional del Petróleo (ENAP), a Chilean state-owned enterprise, in connection with its Rule 144A/Regulation S offering of $600 million notes. The notes pay interest at a rate of 4.5% per annum due 2047.

ENAP is engaged in broad range of petroleum-related activities, including the exploration, development and production of crude oil and natural gas, the transportation and storage of crude oil, refined petroleum products, liquefied petroleum gas and natural gas, petroleum refining and the wholesale marketing of refined petroleum products, petroleum derivatives, liquefied petroleum gas, crude oil and natural gas.

The Shearman & Sterling team included partner Manuel A. Orillac (New York-Capital Markets); associate Flavio Averbug (New York-Capital Markets); and international associate Alesandra Azcarate (New York-Capital Markets).


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