Morales & Besa advises Itaú Corpbanca on financing and debt refinancing of Hidroelectrica Dongo SpA.

October 7, 2016

Morales & Besa successfully advised Itaú Corpbanca on the refinancing of the existing debt of Hidroeléctrica Dongo SpA with Banco BICE, by means of the assignment of US$ 7,6 million to Itau Corpbanca, and an additional financing of US$ 4,7 million granted by Itaú Corpbanca to Hidroeléctrica Dongo SpA. The company owns and develops a 6 MWh run-of-river hydroelectric power plant and the additional financing will be used to finance an expansion of the plant. The company is owned by the Chilean business groups Navitas and Bethia and the international group Joule Investments.

The total value of the transaction was US$12,250,000.

The team at M&B was led by partner Myriam Barahona with associates Ignacio Delpino, Bernardo Mora, María Paz Charpentier, Diego Muñoz, and Carlos Espinosa.