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 [email protected]
Partner Roberto Guerrero [email protected]
Senior associate César Gálvez [email protected]
Associate Sebastián Marambio [email protected]
Carey
Counsel to Banco Santander-Chile: Carey
Partner Diego Peralta
Associate Felipe Tupper
Associate Rafael Mackay
Associate Nadia Jara
In-house
WOM: Marcelo Fica, [email protected] Raimundo Meneses, [email protected]
Banco Santander-Chile: Paulo Quinteros,
BCI: María Pía Gallardo,
Banco Internacional: Claudia Álvarez, [email protected]
BTG Pactual Chile: Sofía Duralde,
Santander Asset Management, Administradora General de Fondos: Felipe Zaldívar, [email protected]
Credicorp Capital Asset Management, Administradora General de Fondos: Javiera Contente, [email protected]
3. Date of closing
21/11/2019
4. Deal Value
USD157 million and USD53 million
5. Jurisdictions involved
Chile