Empresa de los Ferrocarriles del Estado $500 million notes offering
Davis Polk advised the initial purchasers in connection with the offering by Empresa de los Ferrocarriles del Estado (“EFE”) of $500 million aggregate principal amount of its 3.830% notes due 2061. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
EFE is 100% owned by the Government of Chile and is the sole owner, developer and manager of Chile’s state-owned railways.
The Davis Polk corporate team included partner Maurice Blanco and counsel Katia Brener and Drew Glover. Partner Ethan R. Goldman and associate Justin Corvino advised on U.S. tax matters. Members of the Davis Polk team are based in the New York and Northern California offices.