Endesa Chile Secures $200 Million Revolving Credit

Endesa Chile, the local unit of the Spanish utility, has secured a three-year revolving credit for $200 million from a group of four banks. Endesa will pay interest of Libor plus 0.25%. The banks to syndicate the loan in January are ABN AMRO, Banco Santander, BNP Paribas and Instituto de Crédito Oficial (ICO). The loan offers Endesa “greater financial flexibility and liquidity”, according to the company’s website.