We advised the initial purchasers on the investment-grade debt offering

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by Colbún S.A. of an aggregate principal amount of $600 million of 3.150% notes due 2032.

Colbún is engaged in the generation, transmission and supply of electricity in Chile and Peru. Colbún has a diverse generation portfolio composed of hydroelectric, thermoelectric and photovoltaic facilities and is Chile’s and Peru’s third-largest power generation company in terms of generation. Colbún is currently controlled by the Matte Group, one of Chile’s largest and most prominent investment groups.

The Davis Polk capital markets team included partner Maurice Blanco and counsel Drew Glover. The tax team included partner Patrick E. Sigmon and associate Justin Corvino. Members of the Davis Polk team are based in the New York and Northern California offices.