Colbún S.A. Notes Offering and Cash Tender Offer

Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Colbún S.A. of an aggregate principal amount of $500 million of 3.15% notes due 2030 and advised the dealer managers in connection with the tender offer by Colbún S.A. to purchase any and all of its outstanding 4.5% notes due 2024.

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 and Konstantinos Papadopoulos. Partner Patrick E. Sigmon provided tax advice. Members of the Davis Polk team are based in the New York, Northern California and São Paulo offices.