According to the Bank’s website, the proposed investment consists of an unsecured corporate facility of up to US$400 million (A Loan of up to US$200 million and mobilization of the balance with US$ 114.5 million from MCPP investors and US$ 85.5 million from B lenders or Parallel Lenders) to ENGIE Energía Chile S.A. (“EECL”). The facility is structured as loan that combines a traditional green use-of-proceeds with sustainability-linked financing features and will include price reductions upon the continued achievement of sustainability objectives. The proceeds will finance part of the Company’s decarbonization plan away from coal through the financing and releveraging of new and existing renewable energy assets consisting of solar PV and battery energy storage systems (“BESS”).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Engie Energia de Chile S.A.
Corporate Finance and Investor Relations Manager
Isidora Goyenechea Avenue, 2800, 16th floor, Las Condes, Santiago, Chile.
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