Enel Chile successfully completed factoring operations in October 2024, monetizing US $630 million of PEC 3 receivables. This strategic financial move significantly reduced the company's outstanding regulatory debt, enhancing its balance sheet.
The factoring operations are expected to reduce the year-end 2024 accruals related to these receivables to an estimated US $500-550 million. This action directly improves the company's liquidity position and financial flexibility.
Crucially, no new PEC debt accumulation is expected from October 2024 onwards, as updated tariffs now reflect real contract prices. This provides greater financial predictability and stability for Enel Chile's future operations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.