Empresa Nacional del Petróleo’s $560 Million Notes Offering

September 16, 2021

Cleary Gottlieb represented BofA Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Santander Investment Securities Inc., and Scotia Capital (USA) Inc., as initial purchasers, in Empresa Nacional del Petróleo’s (ENAP) $560 million 144A/Reg S offering of 3.450% notes due 2031.

The transaction launched on September 7, 2021, priced on September 9, 2021, and closed on September 16, 2021.

ENAP is wholly-owned by the Republic of Chile and is the country’s largest hydrocarbon producer, only petroleum products refiner, and market leader for wholesale distribution of refined petroleum products.