Enel Plans to Raise up to USD7.42 Billion in Private Placement of Bonds

Published: Apr 12 2017
Deal Summary

Enel S.p.A, a power generation and distribution company, intends to issue bonds in a private placement, to raise gross proceeds of up to EUR7 billion (USD7.42 billion).

Pursuant to the offering, the issues may be carried out by the Enel Finance International N.V. (backed by a parent company guarantee) or directly by Enel depending on the existing market opportunities. The placement may be subscribed to by institutional investors within or outside the European Union. Further, the company intends to issue one or more bonds by December 31, 2018.

The company intends to use the proceeds to refinance the Group’s maturing consolidated debt.

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