Enel S.p.A. (“Enel”) is a global power utility headquartered in Italy, operating across generation (86 GW of installed capacity), distribution (69 million end-users), and retail supply of electricity and gas in 41 countries across Europe, Latin America and North America. The company is publicly listed on the Euronext Milan market.

Enel Finance International (“EFI”) is Enel‘s principal external funding vehicle, raising debt in the international capital markets through bond issuances and bank loans.

The proposed investment consists of corporate loan of up to €1,200 million to EFI, fully guaranteed by Enel S.p.A., of which: (i) up to €300 million for IFC’s own account (A Loan); and (ii) up to €900 million in mobilization through B1 Loans.

IFC’s investment will finance the procurement of green electrical equipment, works and services intended to improve grid resilience and quality of service in selected electricity distribution, digitalization, and energy efficiency operations of Enel in Latin America (“Green Value Chains”).

IFC’s investment will be used to support selected electricity distribution, digitalization, and energy efficiency operations of Enel in Latin America, including in the concession areas of Companhia Energetica Do Ceara (“Coelce”) and Ampla Energia e Servicos S.A. in Brazil, Empresa Distribuidora Sur S.A. (“Edesur”) in Argentina, Enel Colombia S.A. E.S.P. in Colombia, and Enel Distribucion Chile S.A. in Chile.