Morales y Besa advised Disal Chile Limitada in the restructuring of outstanding debts

November 20, 2017

Morales y Besa successfully advised Disal Chile Limited in the restructuring of Disal Group’s financial debt, by means of the restructuring of outstanding debt for an amount of CLP$923,023,383. Additionally, a financing in the amount of CLP$7,176,976,617, in order to restructure the financial debt of the company and for other corporate uses.

The transaction included the participation of three banking entities, Banco Security, Banco Santander-Chile and Banco Internacional, and required the creation of an innovative guarantee structure, that could, in the shortest possible time, provide coverage of the rescheduled amounts and new disbursements.

The team of Morales & Besa was led by partner Myriam Barahona, senior associate Ignacio Menchaca and associates Paulo Quinteros, Sebastián Nieme, María Francisca Estrougo and Gonzalo Machuca.