Morales & Besa advised a syndicate of Banks in the restructuring of current loans and the granting of an additional facility to Terminales Marítimos de la Patagonia S.A.

September 5, 2018

Morales & Besa successfully adviced a syndicate of banks composed of Banco Security, Banco-Santander Chile and Itaú Corpbanca, in the restructuring of current loans and the granting of an additional facility to Terminales Marítimos de la Patagonia S.A., part of Grupo Oxxean, for a total amount of UF 722,000.

Since the original debt was located in subsidiaries of the company, it was necessary to agree on the novation of obligations, along with the negotiation of loan assignment agreements, the financing for the payment of credits from the subsidiaries’ creditors and the modification of the security package associated with each of the outstanding loans.

The Morales & Besa team that participated in this operation was made up by partner José Miguel Carvajal, and associates Bernardo Mora and Rubén Toro.