SC COMPANIES COPEC
ESSENTIAL FACT
EMPRESAS COPEC S.A.
Registration Registry of Securities N°0028
Santiago, November 15, 2022
General Management
N° 44
Gentlemen
Financial Market Commission
Avda. Libertador Bernardo O’Higgins 1449
Present
Dear Sir or Madam:
The undersigned, in his capacity as General Manager of the public limited company called
Empresas Copec S.A. (“Empresas Copec” or the “Company”), both domiciled in the Region
Metropolitana de Santiago, El Golf N°150, 17th floor, Las Condes commune, registered in the Registry
of Securities with N°0028, RUT N°90.690.000-9, duly authorized by the Board of Directors, communicates
to you the following essential information regarding the Company, its business, its values of
public offer or the offer thereof, by virtue of the provisions of article 9 and second paragraph of the
Article 10, both of Law 18,045, and in General Rule No. 30, of that Commission
for the Financial Market:
Today, the Company has proceeded to place bonds in the local market, bonds that are
dematerialized and bearer, whose most relevant conditions are the following:
1.- a) Bonds of the “AA” Series, for a total amount of 3,000,000 Development Units (“UF”), to
10 years term. Interest will accrue as of September 30, 2022 and will be paid
every six months, on 30 March and 30 September of each year, starting from 30
March 2023. The repayment of the capital shall be made in a single instalment payable on 30
September 2032.
The issue reached a placement rate of 2.65%.
The Bonds of the Series “AA” will accrue on the unpaid capital, expressed in UF, an interest
coupon of 3.3000% per annum, compound, overdue, calculated on the basis of equal semesters
of 180 days, equivalent to a rate of 1.6366% semiannual.
b) Bonds of the “AB” Series, for a total amount of 3,500,000 UF, with a 21-year term. The
interest shall accrue from 30 September 2022 and shall be paid semi-annually,
on 30 March and 30 September of each year, starting on 30 March 2023. The
Amortization of the capital will be made in 22 installments payable as of March 30, 2033.
The issue reached a placement rate of 2.58%.
The Bonds of the Series “AB” will accrue on the outstanding capital, expressed in UF, an interest
coupon of 3.3000% per annum, compound, overdue, calculated on the basis of equal semesters
of 180 days, equivalent to a rate of 1.6366% semiannual.
2.- The “AA” Series Bonds have been issued under the line of bonds found
registered in the Commission’s Securities Registry under No. 1022, dated May 26, 2020,
while the “AB” Series Bonds have been issued under the line of bonds that are
is registered in the Securities Registry of the Commission with N°792, dated 17
November 2014.
The “AA” and “AB” Bond Series were approved by the Company’s Board of Directors on
September 30, 2022, and its characteristics are contained in Offices 80,069 and 80,070 of the aforementioned
Commission, dated October 21, 2022.
These bond series have a local risk rating of AA/Stable, according to
certificates granted by the risk rating agencies Fitch Chile and Feller Rate.
The placement agent was Credicorp Capital S.A., a company with which there is no relationship of
property.
Other relevant conditions of the aforementioned bonuses are as follows:
i) Both Series “AA” and Series “AB” Bonds may be redeemed from
of September 30, 2024.
ii) The Bonds shall have no guarantee.
(iii) The proceeds of the above-mentioned placement shall be allocated 100 per cent to the
refinancing of liabilities of the Company and/or its subsidiaries.
It is estimated that the bond placement referred to above will not have significant effects.
in the Company’s financial statements.
Sincerely yours,
General Manager
EC EMPRESAS COPEC:
Santiago Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Representative of Bondholders — Banco Santander
Credicorp Capital S.A., Stockbrokers
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=d8998dcc6d8a8f773a0346708f870176VFdwQmVVMXFSWGhOUkZGNlRsUkJlVTFCUFQwPQ==&secuencia=-1&t=1682376108
