Morales & Besa advised Ingevec S.A. in a voluntary redemption offer of part of its outstanding Series C notes

April 16, 2020

Morales & Besa successfully advised Ingevec S.A.  in a voluntary redemption offer of part of its Serie C notes issued under the indenture registered under the No. 751 in the Securities Registry held by the Financial Market Commission, for a total outstanding capital amount of up to UF 165,000 (USD$5,500,000 approximately).

This was a very challenging transaction since required a high level of coordination to execute and settle, in a very limited time period, a voluntary bond’s redemption offer in the middle of the Covid-19 crisis and the quarantines that were implemented by Chilean authorities.

The team involved in this operation was led by partner José Miguel Carvajal, together with senior associate Andrea Díaz and associate Mariana Schnettler.