Morales & Besa advised Société Générale, branch in Spain, in the refinancing and private placement of Applus Services S.A.

July 11, 2018

Morales & Besa successfully advised the French bank Société Générale, branch in Spain, as an agent of several banking institutions, in the financing of a syndicated loan to Applus Services SA, one of the leading companies in the field of testing, inspection and certification of motor vehicles.

This credit was guaranteed by the different subsidiaries of Applus Services S.A. in the world, among them, the Chilean one. The purpose of this operation was to prepay an existing credit between the company and different financial institutions, which was guaranteed in Chile with a pledge over shares of Applus Chile S.A. The new financing involved the raising of the pledge on existing shares in Chile.

In parallel, and in order to finance the new syndicated loan, Applus Services S.A. privately performed a private placement of 5 series of notes due between 2025 and 2028. Those notes were guaranteed by Applus Services S.A.

The Morales & Besa team that participated in this operation was integrated by partner Matías Langevin and associate Javiera Veloso.