Shearman & Sterling represented E.CL S.A., a Chilean power company, in connection with its Rule 144A/Regulation S offering of US$400 million aggregate principal amount of its 5.625% Notes due 2021. E.CL is engaged in the generation, transmission and supply of electricity and the distribution and transportation of natural gas in the north of Chile, as well as the transportation of natural gas in Argentina. E.CL will use the net proceeds of this offering to repay outstanding loans and for general corporate purposes.
The Shearman & Sterling team included partners Antonia Stolper (New York-Capital Markets) and Don J. Lonczak (Washington, DC-Tax) and associates Alejandro Gordano (New York-Capital Markets), Richard Bass (New York-Capital Markets), Jennifer A. Val (New York-Capital Markets) and Jeffrey B. Tate (Washington, DC-Tax).
