1.    Deal Description

Banco Santander Chile, and other creditors, granted a syndicated term loan for approx. USD157 million and a revolving credit facility for up to USD53 million to WOM, as borrower, in order to partially refinance its current obligations for a credit granted by the China Development Bank Corporation, through its Shenzhen Branch, as well as for other general corporate purposes.

In general, in syndicated loans, negotiations are held with the agent bank solely. Complexity to this transaction is that we had to negotiation with multiple parties including each bank and financial institution involved in the loan including BCI, Banco Internacional, BTG Pactual Chile, Santander Asset Management y Credicorp Capital Asset Management, among others.

2.    Counsel list

Guerrero Olivos as counsel to WOM

Carey as counsel to Banco Santander Chile and other creditors

Guerrero Olivos

Partner Macarena Ravinet mravinet@guerrero.cl

Partner Roberto Guerrero rguerrero@guerrero.cl

Senior associate César Gálvez cgalvez@guerrero.cl 

Associate Sebastián Marambio smarambio@guerrero.cl

Carey

Counsel to Banco Santander-Chile: Carey

Partner Diego Peralta

Associate Felipe Tupper

Associate Rafael Mackay

Associate Nadia Jara

In-house

WOM: Marcelo Fica, marcelo.fica@wom.cl Raimundo Meneses, raimundo.meneses@wom.cl

Banco Santander-Chile: Paulo Quinteros,

BCI: María Pía Gallardo,

Banco Internacional: Claudia Álvarez, calvarezr@bancointernacional.cl

BTG Pactual Chile: Sofía Duralde,

Santander Asset Management, Administradora General de Fondos: Felipe Zaldívar, felipe.zaldivar@santander.cl

Credicorp Capital Asset Management, Administradora General de Fondos: Javiera Contente, jcontente@credicorpcapital.com

3.    Date of closing

21/11/2019

4.    Deal Value

USD157 million and USD53 million

5.    Jurisdictions involved

Chile