Linklaters represented Empresa Nacional del Petróleo (ENAP) in connection with its offering of $500 million 6.150% notes due 2033 under Regulation S and Rule 144A, and the concurrent tender offer for any and all of ENAP’s 4.375% notes due 2024 and the solicitation of consents to amend the related indenture. ENAP used the proceeds from the offering and cash on hand to purchase $454.5 million aggregate principal amount, or 75.47%, of the 2024 notes pursuant to the tender offer and to redeem all untendered 2024 notes.
ENAP is a state enterprise wholly owned by the Republic of Chile. It is engaged in a 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 (LPG) and natural gas, petroleum refining and the wholesale marketing of refined petroleum products, petroleum derivatives, LPG, crude oil and natural gas.
The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside associates Juan Mata and Madeleine Blehaut, and foreign attorneys Manuel Eyzaguirre and Mario Lercari.
