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Guarantees with Third Parties, Contingent Assets and, Liabilities, and Other Commitments (Tables)
12 Months Ended
Dec. 31, 2024
GUARANTEES WITH THIRD PARTIES, CONTINGENT ASSETS AND, LIABILITIES, AND OTHER COMMITMENTS  
Summary of Indirect Guarantees

Debtor

Guarantee

Outstanding balance as of

Contract

    

Maturity

    

Creditor of Guarantee

    

Company

    

Relationship

    

Guarantor

    

Type of Guarantee

    

Currency

    

12-31-2024
ThCh$

    

12-31-2023
ThCh$

Enel Energy Efficiency & Renewables FL (LATAM) C & D

December 2038

European Investment Bank

Enel Chile

Parent

Enel SpA (*)

Guarantor

US$

99,079,122

87,211,501

Up to USD 286M Facility Agreement

December 2037

Citibank N.A. - London Branch

Enel Chile

Parent

Enel SpA

Guarantor

US$

285,912,642

-

Total

384,991,764

87,211,501

(*) Corresponds to a guarantee for 20% of the debt. The credit includes another guarantee with SACE (Italian Export Credit Agency) for the remaining 80%.

Schedule of financial debt contracts contain cross default clauses

Financial restrictions

    

Enel Chile

    

Enel Chile

    

Enel Chile

Enel Chile

    

Instrument type with restriction

Cred. with Fin. Inst.

Cred. with Fin. Inst.

Uncommitted line of credit

Yankee bonds

Restriction to be fulfilled by Informant or Subsidiary

Any financial debt that Enel Chile maintains, for any amount past due, and that the principal of the debt that gives rise to the cross default exceeds US$150 million in an individual debt.

Any financial debt that Enel Chile maintains, for any amount past due, and that the principal of the debt that gives rise to the cross default exceeds US$150 million in an individual debt.

Any financial debt held by Enel Generación Chile, for any amount past due.

Any financial debt that Enel Chile maintains, for any amount past due, and that the principal of the debt that gives rise to the cross default exceeds US$150 million in an individual debt.

Creditor

DNB Bank ASA (Administrative Agent)

Corporación Andina de Fomento, Citibank, European Investment Bank and Scotiabank Chile

BCI

Bank of New York Mellon (Bondholder Representative)

Registration Number

-

-

-

ISIN: US29278DAA37

Name of financial indicator or ratio

Cross default

Cross default

Cross default

Cross default

Measurement frequency

Quarterly

Quarterly

Quarterly

Quarterly

Calculation mechanism or definition of the indicator or ratio

Debt past due higher than US$150 million of principal individually.

Debt past due higher than US$150 million of principal individually.

Delinquent debt.

Debt past due higher than US$150 million of principal individually.

Restriction that must be fulfilled (Range, Value and Unit of measure)

Not having individual debts past due higher than US$150 million.

Not having individual debts past due higher than US$150 million.

Not have individual debts past due.

Not having individual debts past due higher than US$150 million.

Indicator or ratio determined by the company

There are no outstanding debts for an individual amount higher than US$150 million.

There are no outstanding debts for an individual amount higher than US$150 million.

There are no delinquent debts.

There are no outstanding debts for an individual amount higher than US$150 million.

Compliance YES/NO

Yes

Yes

Yes

Yes

Accounts used in the calculation of the indicator or ratio

-

-

-

-

Financial restrictions

Enel Generación Chile

Enel Generación Chile

Enel Generación Chile

Enel Distribución Chile

Instrument type with restriction

Yankee bonds

Series H and M Bonds

Uncommitted line of credit

Uncommitted line of credit

Restriction to be fulfilled by Informant or Subsidiary

Any financial debt held by Enel Generación Chile or its Chilean subsidiaries, for any amount in default, and that the principal amount of the debt giving rise to the cross default exceeds US$30 million in an individual debt.

Any financial debt held by Enel Generación Chile, for any amount in default, and that the principal amount of the debt giving rise to the cross default exceeds US$50 million in an individual debt.

Any financial debt held by Enel Generación Chile, for any amount in arrears.

Any financial debt held by Enel Distribución Chile, for any amount in arrears.

Creditor

Bank of New York Mellon (Bondholder Representative)

Banco Santander Chile (Bondholders' Representative)

Banco Santander Chile and Scotiabank Chile

Banco Santander Chile and Scotiabank Chile

Registration Number

ISIN: US29244TAC53; US29244TAB7; US29244TAA9

CMF Securities Registry Registration No. 317 for Series H and No. 522 for Series M

-

-

Name of financial indicator or ratio

Cross default

Cross default

Cross default

Cross default

Measurement frequency

Quarterly

Quarterly

Quarterly

Quarterly

Calculation mechanism or definition of the indicator or ratio

Debt in arrears greater than US$30 million principal amount on an individual basis.

Debt in arrears greater than US$50 million principal amount on an individual basis.

Delinquent debt.

Delinquent debt.

Restriction that must be fulfilled (Range, Value and Unit of measure)

Not to have individual debts in arrears in excess of US$30 million.

Not to have individual debts in arrears in excess of US$50 million.

Not have individual debts past due.

Not have individual debts past due.

Indicator or ratio determined by the company

There are no delinquent debts in excess of US$30 million on an individual basis.

There are no delinquent debts in excess of US$50 million on an individual basis.

There are no delinquent debts.

There are no delinquent debts.

Compliance YES/NO

Yes

Yes

Yes

Yes

Accounts used in the calculation of the indicator or ratio

-

-

-

-

Schedule of financial covenants

Financial restrictions

Enel Generación Chile

Enel Generación Chile

Enel Generación Chile

Enel Generación Chile

Instrument type with restriction

Series H and M Bonds

Series H and M Bonds

Series H and M Bonds

Series H Bonds

Restriction to be fulfilled by Informant or Subsidiary

A ratio between Financial Obligations and Total Capitalization must be maintained of less than or equal to 0.64.

Maintain Minimum Equity of Ch$761,661 million, a limit that is updated at the end of each fiscal year, as established in the contract.

Maintain a Financial Expense Coverage ratio of greater than or equal to 1.85.

Maintain a Net Active Position with Related Companies not exceeding the equivalent amount in Chilean pesos, legal tender, of US$500 million, according to the exchange rate observed on the date of its calculation.

Creditor

Banco Santander Chile (Bondholders' Representative)

Banco Santander Chile (Bondholders' Representative)

Banco Santander Chile (Bondholders' Representative)

Banco Santander Chile (Bondholders' Representative)

Registration Number

Registration with the CMF Securities Registry No. 317 for Series H and No. 522 for Series M

Registration with the CMF Securities Registry No. 317 for Series H and No. 522 for Series M

Registration with the CMF Securities Registry No. 317 for Series H and No. 522 for Series M

Registration with the Securities Registry with CMF No. 317

Name of financial indicator or ratio

Consolidated Indebtedness Level

Equity Attributable to the Parent

Financial Expenses Coverage rate

Net Active Position with Related Companies

Measurement frequency

Quarterly

Quarterly

Quarterly

Quarterly

Calculation mechanism or definition of the indicator or ratio

Financial Obligations corresponding to the sum between Loans that accrue interest, current, Loans that accrue interest, non-current, Other financial liabilities, current, Other financial liabilities, non-current and Other obligations guaranteed by the Issuer or its subsidiaries, while Total Capitalization is the sum between Financial Obligations and Total Equity.

The Equity corresponds to the Equity attributable to the owners of the parent company, which is contrasted with the level of Minimum Equity that will be readjusted by a percentage, provided it is positive of the annual variation of the Consumer Price Index multiplied by the difference between 1 minus the ratio of Non-Monetary Assets in Chile recorded in pesos and the Equity Attributable to the Parent Company. If the annual variation of the Consumer Price Index is negative or if the ratio between Non-Monetary Assets in Chile recorded in pesos and Equity Attributable to the Parent Company is greater than one, there will be no readjustment in that year.

Financial expense coverage is the quotient between: i) Gross operating profit, plus Financial income and dividends received from associated companies, and ii) Financial expenses; both items refer to the period of four consecutive quarters ending at the end of the quarter being reported.

The Net Active Position with Related Companies is the difference between: i) the sum of Receivables due from Related Parties of Current and Non-Current Assets and ii) the sum of Payables due to Related Parties, Current and Non-Current Liabilities. The amounts corresponding to those that jointly comply with the following must be excluded from the foregoing: i) operations lasting less than 180 days, and ii) operations arising from the ordinary course of business of Enel Generación Chile or its subsidiaries.

Restriction that must be fulfilled (Range, Value and Unit of measure)

A ratio between Financial Obligations and Total Capitalization must be maintained of less than or equal to 0.64.

Maintain a Minimum Equity of Ch$761,661 million, a limit that is updated at the end of each fiscal year, as established in the contract.

Maintain a Financial Expense Coverage Coefficient of greater than or equal to 1.85.

Maintain a Net Active Position with Related Companies not exceeding the equivalent amount in pesos, legal tender, of US$500 million, according to the exchange rate observed on the date of its calculation.

Indicator or ratio determined by the company

0.16

$2,725,132 million

19.37

US$206.67 million

Compliance YES/NO

Yes

Yes

Yes

Yes

Accounts used in the calculation of the indicator or ratio

Financial Obligations and Total Capitalization

Equity attributable to the owners of the parent company.

Gross Operating Income and Financial Expenses

Current and Non-Current Accounts Receivable and Payable to Related Entities.