Morales & Besa advised a syndicate of banks in the amendment of financing granted to Empresas FT S.A.

Morales & Besa successfully advised Scotiabank Chile and Banco Security (the lenders) on the amendment of certain terms and conditions of the current financings granted by the Lenders to Empresas FT S.A., leader in the business of bovine meat in Chile and its commercialization to high demand markets such as the European Union, the United States, Japan, Mexico, Korea, Thailand, Central America and Israel, and one of its related companies, CD Las Acacias S.A.

This financing required negotiation and coordination with the Lenders, Empresas FT S.A. and CD Las Acacias S.A. certain amendments to the existing financings of such companies, which included the structuring of the aforementioned amendments and statements regarding the guarantees that secures the payment of such financings.

The team of Morales & Besa involved in this transaction was led by partner Edmundo Varas along with associates Pedro Pablo Valenzuela and Isabel Cabeza.