Morales & Besa advised Ingevec S.A in the issuance and registration of a line of bonds and in the placement of Series B Bonds.

October 17, 2018

Morales & Besa advised Ingevec S.A. (the “Company”), a publicly held corporation, in the issuance and registration of a line of bonds due to 2028 for up to UF 1,300,000 (approximately USD 53,000,000); and in the placement of Series B Bonds, issued pursuant to such line of bonds, for UF 1,300,000.

This is an important transaction to the Company, since the funds obtained in the placement of the Serie B Bonds are going to be used, in part, to finance the prepayment of the outstanding Serie A Bonds of the Company, improving its long term debt structure.

The Morales & Besa team that participated in this operation was made up by partner José Miguel Carvajal, senior associate Andrea Díaz and associate Mariana Schnettler.