SANTIAGO, Chile, July 24 /PRNewswire-FirstCall/ -- ENERSIS S.A. ("Enersis" or the "Company") announced today the expiration of its consent solicitation, and the receipt of the requisite consents with respect to certain proposed amendments to the Indenture dated as of November 1, 1996 (the "Indenture") governing its (a) 7.375% Notes due 2014 (CUSIP Nos. 29274FAE4, 29274FAD6 (144A), P37186AA4 (Reg. S)) (the "2014 Notes"), (b) 7.40% Notes due 2016 (CUSIP No. 29274FAB0) (the "2016 Notes"), and (c) 6.60% Notes due 2026 (CUSIP No. 29274FAC8) (the "2026 Notes" and together with the 2014 Notes and the 2016 Notes, the "Notes"), to execute a supplemental indenture as described in its Consent Solicitation Statement dated July 8, 2009.
As of 5:00 p.m., New York City time, on July 24, 2009 (the "Consent Deadline"), the Company had received consents from holders of a majority in aggregate principal amount outstanding of each series of Notes. As a result of receiving the requisite consents, the Company entered into a First Supplemental Indenture dated as of July 24, 2009 between the Company and The Bank of New York Mellon, as Trustee, to the Indenture to effectuate the proposed amendments.
Enersis solicited consents from the holders of the Notes in order to amend Section 501(4), the cross default clause, so that it now applies only to Enersis and its subsidiaries organized under the laws of the Republic of Chile. The definition of "Significant Subsidiary" has been similarly amended so that it is now limited to only those Significant Subsidiaries (as defined) organized under the laws of the Republic of Chile. The concept of Significant Subsidiary is used in Sections 501(5) and (6), the bankruptcy and insolvency proceedings clauses, of the Indenture.
The Company expects to settle the consent solicitation as promptly as possible upon receipt of instructions from the Information and Tabulation Agent.
Questions regarding the consent solicitation may be directed to the Solicitation Agent, J.P. Morgan Securities Inc., by telephone at (866) 846- 2874 or (212) 834-4374. Copies of the Consent Solicitation Statement and related documents may be obtained from the Information and Tabulation Agent, Global Bondholder Services Corporation, at 65 Broadway, Suite 723, New York, New York 10006, (866) 873-6300 or (212) 430-3774.
Enersis, one of the main publicly-owned multinational electric power companies in South America, currently holds direct and indirect participation in the electric power generation, transmission, and distribution businesses. Its operations are primarily in Chile, and to a lesser degree in four other South American countries, including Argentina, Brazil, Colombia, and Peru. As of December 31, 2008, Enersis' generating companies have an installed capacity of 13,893 MW, and its distribution companies supply electricity to 12.4 million customers, or approximately 45 million inhabitants. For more information about Enersis, please visit the Company's website at http://www.enersis.cl/, or download the 2008 Form 20-F from the SEC's website at http://www.sec.gov/.
Statements in this release which are not historical facts are "forward-looking" statements and "safe harbor statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company's public filings with the Securities and Exchange Commission.
For further information, please contact: Susana Rey Head of Investor Relations srm@e.enersis.cl 56 (2) 353 4554 Carmen Poblete Shares Department Representative cpt@e.enersis.cl 56 (2) 353 4447 Denisse Labarca Investor Relations Representative dla@e.enersis.cl 56 (2) 353 4492 Barbara Lopez Investor Relations Representative bllf@e.enersis.cl 56 (2) 353 4552 Cristian Del Sante Investor Relations Representative cdb@e.enersis.cl 56 (2) 353 4555 Maria Luz Munoz Investor Relations Assistant mlmr@e.enersis.cl 56 (2) 353 4682
ENERSIS S.A.
CONTACT: Susana Rey, Head of Investor Relations, +011-562-353-4554,
srm@e.enersis.cl, or Carmen Poblete, Shares Department, Representative,
+011-562-353-4447, cpt@e.enersis.cl, or Denisse Labarca, Investor Relations,
Representative, +011-562-353-4492, dla@e.enersis.cl, or Barbara Lopez,
Investor Relations, Representative, +011-562-353-4552, bllf@e.enersis.cl, or
Cristian Del Sante, Investor Relations, Representative, +011-562-353-4555,
cdb@e.enersis.cl, or Maria Luz Munoz, Investor Relations, Assistant,
+011-562-353-4682, mlmr@e.enersis.cl, all of ENERSIS
Web site: http://www.enersis.cl/
