Morales & Besa advises creditors Empresa de los Ferrocarriles del Estado

August 28, 2014

M&B advised creditors, consisting of banks and insurance companies in granting a loan for Empresa de los Ferrocarriles del Estado ( EFE ), and its subsidiary Ferrocarriles Suburban Concepcion ( Fesub ) to finance the expansion project Biotren Coronel in the region of Bio Bio.

The financing is a syndicated loan from banks and life insurance companies for US $ 76 million (UF 1,753,990 ).

In this transaction , Morales & Besa supported BBVA Banco de Chile and Chile, with a team led by partner Pedro Garcia, with associates Nicole Ubal and Felipe Corvalan.

Morales & Besa had successfully advised EFE creditors in April 2014, the first transaction of this type without state guarantee under the Act on Public Transportation Subsidy, for approximately US $ 60 million.