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ENGIE Energía Chile S.A. Announces Expiration Of Tender Offer For Any And All 5.625% Notes Due 2021

January 23, 2020 GMT

SANTIAGO, Chile, Jan. 23, 2020 /PRNewswire/ -- ENGIE Energía Chile S.A. (formerly known as E.CL S.A.) (“EECL”) announced today that its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 5.625% Notes due 2021 (the “Notes”) has expired at 5:00 p.m., New York City time, on January 22, 2020 (the “Expiration Date”).

The Tender Offer was made pursuant to an offer to purchase dated January 15, 2020 (the “Offer to Purchase”), the related letter of transmittal (the “Letter of Transmittal”) and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase and Letter of Transmittal, the “Offer Documents”), which set forth the terms of the Tender Offer. The following table sets forth certain information relating to the Tender Offer:

Title of Security

CUSIP No. and ISINs

Principal Amount
Outstanding

Tender Offer Consideration
(per U.S.$1,000 principal amount)

5.625% Notes due 2021

CUSIP: 268270AA3 / P36020AA6

ISIN: US268270AA38 / USP36020AA68

U.S.$400,000,000

U.S.$1,034.50

As of the Expiration Date, according to information provided by Global Bondholder Services Corporation, a total of U.S.$193,272,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn. EECL did not receive any Notices of Guaranteed Delivery.

EECL has accepted for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Date. The Company expects to pay the Tender Offer Consideration plus the accrued and unpaid interest on the Notes validly tendered and not validly withdrawn on January 28, 2020, subject to the terms and conditions described in the Offer Documents.

BofA Securities, Inc., Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. acted as dealer managers and Global Bondholder Services Corporation acted as Tender and Information Agent in connection with the Tender Offer. Questions regarding the Tender Offer may be directed to BofA Securities, Inc., Liability Management Group, One Bryant Park, New York, NY 10036, (800) 292-0070 (toll-free) and (646) 855-8988 (collect), Citigroup Global Markets Inc., Liability Management Group, 388 Greenwich Street, 7th Floor, New York, NY 10013, (800) 558-3745 (toll-free) and (212) 723-6106 (collect), Scotia Capital (USA) Inc., Debt Capital Markets, 250 Vesey Street, New York, NY 10281, (800) 372-3930 (toll-free) and (212) 225-5559 (collect) or Global Bondholder Services Corporation at (866) 470-3700 (toll-free) and (212) 430-3774 (collect).

All deliveries and correspondence sent to the Tender and Information Agent should be directed to Global Bondholder Services Corporation, 65 Broadway – Suite 404, New York, New York 10006, Attn: Corporate Actions.

Neither the U.S. Securities and Exchange Commission, any U.S. state securities commission nor any regulatory authority of any other country has approved or disapproved of the Tender Offer, passed upon the merits or fairness of the Tender Offer or passed upon the adequacy or accuracy of the disclosure in the Offer Documents.

This press release shall not constitute an offer to purchase or a solicitation of acceptance of the offer to purchase, which were made only pursuant to the terms and conditions contained in the Offer Documents.

About EECL

We are a corporation (sociedad anónima) organized under the laws of Chile. Our principal executive offices are located at Avenida Apoquindo 3721, 6th Floor, Las Condes, Santiago, Chile. Our telephone number is +56 2 2353 3200.

Forward-Looking Statements

Statements in this press release may be “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which are subject to risks and uncertainties. Other than statements of historical fact, information regarding activities, events and developments that we expect or anticipate will or may occur in the future, including, but not limited to, information relating to our future growth and profitability targets and strategies designed to increase total shareholder value, are forward-looking statements based on management’s estimates, assumptions and projections. Forward-looking statements also include, but are not limited to, statements regarding our future economic and financial condition and results of operations, the plans and objectives of management and our assumptions regarding our performance and such plans and objectives. Many forward-looking statements may be identified by the use of words such as “intend,” “believe,” “expect,” “anticipate,” “should,” “planned,” “projected,” “estimated” and “potential,” among others. Forward-looking statements contained in this press release are predictions only and actual results could differ materially from management’s expectations due to a variety of factors. All forward-looking statements attributable to us or persons working on our behalf are expressly qualified in their entirety by such risk factors. The forward-looking statements that we make in this press release are based on management’s current views and assumptions regarding future events and speak only as of their dates. We assume no obligation to update developments of these risk factors or to announce publicly any revisions to any of the forward-looking statements that we make, or to make corrections to reflect future events or developments, except as required by the federal securities laws.

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SOURCE ENGIE Energía Chile S.A.