Compañía Cervecerías Unidas’s $244.5 Million Notes Offering


Cariola, Díez, Pérez-Cotapos advised on the transaction

Compañía Cervecerías Unidas executed its offering of $244.5 million notes including a Serie L $174.7 million offering due 2027 and a 69.8 million Serie M notes due 2030.

Banco de Chile and Scotiabank acted as lead manager on the offering Banchile Corredores de Bolsa and Scotia Corredora de Bolsa Chile acted as placing agents.

Compania Cervecerias Unidas S.A. brews beer, and produces and distributes non-alcoholic beverages in Chile and Argentina. The company, led by Jose Patricio Jottar Nasrallah, Felipe Dubernet Azocar and Maria Gabriela Ugalde Romagnoli, in 2019 recorded $2.27 billion revenues.

Cariola, Díez, Pérez-Cotapos advised Compañía Cervecerías Unidas S.A. (CCU) with Rodrigo Sepúlveda (Picture) and Cristóbal Morales.

Involved fees earner: Cristóbal Morales – Cariola, Díez, Pérez-Cotapos & Cía Ltda; Rodrigo Sepúlveda – Cariola, Díez, Pérez-Cotapos & Cía Ltda;

Law Firms: Cariola, Díez, Pérez-Cotapos & Cía Ltda;

Clients: Compañía Cervecerías Unidas S.A.;

Author: Ambrogio Visconti.