SANTIAGO, Chile, July 24 /PRNewswire-FirstCall/ -- ENERSIS S.A. ('Enersis'
or the 'Company') (NYSE: ENI) 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
SOURCE ENERSIS S.A.
