Morales & Besa advised Global Vía Infraestructuras

December 6, 2017

Morales & Besa successfully advised Global Vía Infraestructuras Chile S.A. and Globalvia Chile SpA in the purchase of all the shares of Sociedad Concesionaria Acciona Concesiones Ruta 160 S.A. and its debt with related parties. The advise also included obtaining clearance by the Chilean Competition Authority (Fiscalía Nacional Económica).

Simultaneously, Morales & Besa advised Global Vía Infraestructuras in the negotiation and execution process of a loan bridge loan to be granted by Itaú Corpbanca in an amount of up to UF4,500,000.

The transaction involved, among others, the amendment of the current syndicated loan of Sociedad Concesionaria Acciona Concesiones Ruta 160 S.A. with Banco del Estado de Chile, Banco Bilbao Vizcaya Argentaria, Chile and Itaú Corpbanca; the negotiation with COFIDES as partner of Globalvía in the transaction; the negotiation of the guarantees of the EPC of Ruta 160 and the negotiation of a bank bonds financing.

The team of Morales & Besa was led by partners Carlos Silva and Michel Diban, senior associate Felipe Corvalán and María José Henríquez, and associates Isabel Cabeza and Pedro Pablo Valenzuela.