Inversiones SAMS SpA’s $3.55 Million Syndicated Loan

Larrain y Asociados advised on the transaction

Larrain y Asociados advised Banco internacional, Penta vida Compañía de Seguros de Vida and MetLife Chile Seguros de Vida SA in the structuring, negotiation and closing of the Syndicated Financing Opening Contract granted to inversiones SAMS SpA, a company related to Corpgroup Inversiones Limitada.

The financing amounts to US$3,551,687 (1.000.000 UF) and its purpose was to pay the financial liabilities of the debtor, and the balance remaining from the disbursement of the loans, if any, for general corporate purposes of its related parties and for general corporate purposes of the debtor.

The loan was guaranteed by a package of shares issued by SMU S.A.

Larrain y Asociados advised with a team including Patricio Montes (Picture), Diego Garay and Teresita Vinagre.

Involved fees earner: Diego Garay – Larrain y Asociados; Patricio Montes – Larrain y Asociados; Teresita Vinagre – Larrain y Asociados;

Law Firms: Larrain y Asociados;

Clients: Banco Internacional S.A. ; Metlife Chile Seguros de Vida S.A.; Penta Vida Compañía de Seguros de Vida S.A.;

Author: Ambrogio Visconti.