Entel Signs $200m Loan

Chile’s Empresa Nacional de Telecomunicaciones has signed a $200m, 3-year bullet loan with Bank of Tokyo-Mitsubishi UFJ and Scotia. The loan pays Libor plus 100bp, which is equivalent to 1.65% during the first interest period. The telecom plans to use the money from the club deal to refinance existing liabilities, specifically to prepay the first installment of a $600m syndicated loan.