Morales & Besa advises the refinancing of Ruta del Maule Sociedad Concesionaria S.A., part of Intervial Chile S.A. (grupo ISA)

April 1, 2016

Morales & Besa advised on the refinancing of the debt of Ruta del Maule Sociedad Concesionaria S.A., by means of (i) the redemption of bonds placed by the concessionaire, terminating the agreements with MBIA Insurance Company and a new loan agreement granted by Banco Bilbao Vizcaya Argentaria, Chile; and (ii) the assignment of the existing loan agreement to Banco de Crédito e Inversiones (BCI) and an additional loan agreement granted by BCI.

Morales & Besa also provides general ongoing advice to Intervial Chile, an affiliate of ISA (Colombia) in connection with all the financing and refinancing of its PPP projects in Chile, regarding 4 toll road public work concessions (Ruta del Maipo Sociedad Concesionaria S.A., Ruta del Maule Sociedad Concesionaria S.A., Ruta de la Araucanía Sociedad Concesionaria S.A. y Ruta de los Ríos Sociedad Concesionaria S.A.).

The M&B team is led by Carlos Silva V. and Myriam Barahona A., with associates Josefa Rodríguez B., Juan Carlos Juri A. and Isabel Cabeza G.

Related Industries