Morales & Besa advised Banco de Crédito e Inversiones in restructuring of the debt and additional financing of Empresa Eléctrica Aguas del Melado SpA.
This transaction consisted in restructuring of the current debt of Empresa Eléctrica Aguas del Melado SpA with Banco de Crédito e Inversiones and an additional financing. The original financing was granted for the construction and operation of the Los Hierros hydro power plant, located in Colbún, Region of Maule.
The transaction consisted on the redenomination of part of the original debt, termination of hedge agreements and the restructuring of the loans, together with the amendments of security documents granted originally in favor of the bank.
Morales & Besa team involved in this transaction was formed by partner Myriam Barahona, with the participation of Paulo Quinteros, Bernardo Mora y M. Francisca Estrougo.