Morales & Besa advised Banco Security and Scotiabank Chile in the granting of a syndicated loan to the National Association of Professional Football (ANFP).

September 10, 2018

Morales & Besa advised Banco Security and Scotiabank Chile in the granting of a syndicated loan to the “Asociación Nacional de Fútbol Profesional” (“ANFP”), to finance the working capital of the first and second league soccer teams that participate in the national championships.

The financing is secured with a pledge over the right to receive payments by the ANFP from Canal del Fútbol as consequence of the assignment of TV transmission rights of the soccer games of the national championships.

The preparation of the contract and documentation of the financing involved reviewing possible situations in case of sale of the CDF.

The Morales & Besa team that participated in this operation was made up of partner Myriam Barahona, senior associate Ignacio Menchaca and associates Pedro Pablo Valenzuela and Francisca Estrougo.