Morales & Besa advises the creditors of Interchile S.A.

February 12, 2016

Morales & Besa successfully advised creditors Interchile S.A. led by Banco Bilbao Vizcaya Argentaria, SA, New York Branch and Banco del Estado de Chile, New York Branch, Credit Agricole Corporate and Investment Bank, Natixis, New York Branch, Sumitomo Mitsui Banking Corporation and Bank of Tokyo – Mitsubishi UFJ, Ltd in funding for the construction and development of the proposed power transmission line called Cardones-Polpaico and Encounter-Lagunas, approximately 945 kilometers. The funding was for an amount of approximately US $ 738,000,000.

This operation also included a VAT credit line granted to Interchile S.A. Banco Bilbao Vizcaya Argentaria, Chile, Banco del Estado de Chile and Banco BICE in the amount of US $ 96 million.

M & B team was led by partners Pedro Garcia, Myriam BarahonaMatias Langevin and Francisca Pérez, together with associates Antonio Morales, Rosario Arriagada, Aldo Cardinali, Bernardo Mora and Diego Muñoz.