Morales & Besa successfully advises creditors in restructuring liabilities of SMU
Morales & Besa advised the creditor banks in the restructuring agreement SMU’s financial liabilities. This agreement saw a debt repayment last December of 24%, thanks to the capital contributions of the controlling shareholder and the sale of noncore assets. The operation was under the financial strengthening plan of the company, which according to company CEO Marcelo Galvez allowed them to concentrate fully on the plan to improve competitiveness and operational aspects of the business.
The M & B team was led by partners Pedro Garcia and Myriam Barahona, with associates Patricio Cofré, Isidora Gutierrez, Bryan Kernitsky and Nicole Ubal .