Algorta Norte’s $54.5 Million Debt Refinancing


Jara Del Favero and Guerrero Olivos advised on the transaction

Algorta Norte negotiates the refinancing of its existing $54.5 million credit facilities with Scotiabank Chile and Itaú Corpbanca.

Algorta Norte S.A is a mining company founded in 2007 that specializes in the extraction and production of Iodine, with its main work located north-west of Baquedano, in the region of Antofagasta.

Jara Del Favero advised Algorta Norte S.A. with Felipe Ovalle Pacheco (Picture).

Guerrero Olivos advised the banks with Miguel Coddou A., Diego Rodríguez Ariztía and Matías Ríos Urquidi.

Involved fees earner: Miguel Coddou Astrain – Guerrero Olivos; Matías Ríos – Guerrero Olivos; Diego Rodríguez Ariztía – Guerrero Olivos; Felipe Ovalle Pacheco – Jara Del Favero Abogados & Ried Fabres;

Law Firms: Guerrero Olivos; Jara Del Favero Abogados & Ried Fabres;

Clients: Algorta Norte S.A; Itaú Corpbanca; Scotiabank Chile;

Author: Ambrogio Visconti.