Consequently, Lipigas will be the first company in the Chilean industry to have an LPG terminal of exclusive use. Other recent projects in which Lipigas has invested are the international expansion in Colombia and Peru, and the entry to the distribution market of liquefied natural gas (LNG) for industrial customers.
Empresas Lipigas S.A. formalized its registration with the Chilean Superintendence of Securities and Insurance (SVS).
The Company is planning an upcoming bond issuance in the local market, allowing it to access new funding sources.
“This registration represents a milestone for Lipigas. Not only will it allow us to have a more fluid relationship with the financial market and access new medium-term financing options, but it marks a new stage in our growth process. By taking this step we are thinking about our Company’s future, in order to meet the challenges of a highly competitive market”, said Angel Mafucci, General Manager of Lipigas.
Through an upcoming bond issue, the Company seeks a medium-term restructure of its current financial debt according to the maturity terms of its standing investment projects, among which the construction of a maritime LPG terminal at the Quintero Bay stands out. This project, representing an investment of more than US$60 million and that will begin operating in the coming months, will allow Lipigas to increase competitiveness and independence to purchase raw materials on the international market through direct purchases, without intermediaries.