Bilateral loan Banco Security. Larraín Vial. Cofisa
1. Deal description
Guerrero Olivos assisted Banco Security in a bilateral loan granted by the later to Fondo de Inversion Privado LV COFISA II, represented by Larrain Vial Activos S.A. Administradora General de Fondos, for the acquisition of credits originated by Counsel to Créditos Organización y Finanzas S.A. (“Cofisa”). Cofisa is a financial institution specialized in automovil credits. Our assistance included a pledge agreement over the acquired credits, and structuring and developing a cash sweep structure.
2. Counsel lists
Counsel to Larrain Vial Activos S.A. Administradora General de Fondos, acting for Fondo de Inversión Privado LV COFISA II: Barros & Errázuriz: Víctor Barros [email protected], Nicole Ubal [email protected], Santiago Benítez [email protected] and Juan Ignacio Galdámez [email protected]
Counsel to Cofisa: Borquez Yunge: Juan Pablo Bórquez.
3. Date of closing
4. Deal value
Credit for the amount of CLP 18,000,000,000.- for the acquisition of credits originated by Cofisa.
5. Jurisdictions involved