Morales & Besa advised Cencosud S.A. in a redemption process of its outstanding international notes

March 2, 2020

Morales & Besa acted as special Chilean counsel to Cencosud S.A. (the “Company”) in the make-whole redemption process under the indenture dated January 20, 2011 and December 6, 2012, of its outstanding 5.500% notes due 2021 and its outstanding 4.875% notes due 2023, for the a principal outstanding balance of approximately US $876,428,000.

Concurrently, the Company paid the accrued and unpaid interest of the notes from January 20, 2020 (last coupon payment date) to March 2, 2020, in a total amount of US $5,172,187. The total amount paid by the Company in terms of outstanding principal and accrued interests, in connection with the make-whole redemption, was US $881,600,187.

The Morales & Besa’s  team that participated in the transaction was led by partner Guillermo Morales, along with senior associates Andrea Díaz  and associate Mariana Schnettler.