Description

Guerrero Olivos assisted Banco Bilbao Vizcaya Argentaria, Chile and Banco del Estado de Chile (the "Banks") in a syndicated loan granted to Gamma Cementos S.A. for the acquisition of at least 54.3% of Cementos Polpaico S.A., the biggest local cement and concrete producer. The loan was divided in two tranches: one in UF, with a variable rate, and the other in CLP, with a fix rate. The transaction included a joint and severally guaranty granted by Cementos Bicentenario S.A. and a pledge over the acquired shares. Our banking and finance team was in charge of the transaction as a whole.

Deal value

USD103 million approximately

Deal date 

10/08/2017

Counsel lists 

Counsel to the Banks: Guerrero Olivos

Senior Counsel: Miguel Coddou [email protected]

Associate: Tomás Montes [email protected]

Banco Bilbao Vizcaya Argentaria, Chile’s in-house counsel: Xavier Altuzarra [email protected]

Banco del Estado de Chile’s in-house counsel: Paola Rodríguez [email protected]

Counsel to Gamma Cementos S.A. and Cementos Bicentenario S.A.: Larraín y Asociados:

Partner: Patricio Montes [email protected]

Associate: Diego Garay [email protected] 

Jurisdictions involved

Chile