Empresa Eléctrica Cochrane SpA has completed a refinancing process
Empresa Eléctrica Cochrane SpA (Cochrane) has completed a fundraising by issuing an international bond and a syndicated bridge loan.
Cochrane operates a thermal power plant located in Mejillones in the Antofagasta Region, which provides energy to the Sistema Eléctrico Nacional (SEN) in Chile. It has two pulverized-coal units with a total installed capacity of 550 MW. It is controlled by AES Gener S.A. (60% ownership). The construction of the plant began in 2013 and commercial operation started in 2016. Cochrane has an annual production of +3 TWh.
Oaklins’ team in Chile advised Empresa Eléctrica Cochrane SpA and acted as joint bookrunner in the placement of an international bond as well as of a syndicated bridge loan.
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