Caja de Compensación’s $179 Million debts Rescheduling


Morales & Besa advised on the deal.

Caja de Compensación de Asignación Familiar Los Héroes finalized a transaction to reschedule $179 Million of its debts with a syndicate of banks including Banco de Chile, Banco Santander-Chile, Scotiabank Chile, Itaú Corpbanca, Banco del Estado de Chile, Banco Bilbao Vizcaya Argentaria, Chile and Banco de Crédito e Inversiones.

Caja de Compensación de Asignación Familiar Los Héroes engages in the provision of social security services and related activities in Chile. The firm, led by Jorge Leyton Díaz, Andrea Valenzuela Chaigneau, Ernesto Trincado Rozas, Rebeca González Malig and Gonzalo Vial Martinic, is based in Chile.

Morales & Besa advised the banks on the transaction with Myriam Barahona (Picture), Bernardo Mora and María Francisca Estrougo.

Involved fees earner: Myriam Barahona – Morales & Besa; Bernardo Mora – Morales & Besa; María Francisca Estrougo R. – Morales & Besa;

Law Firms: Morales & Besa;

Clients: Banco Bilbao Vizcaya Argentaria (Bbva); Banco de Chile; Banco del Estado de Chile; Banco de Crédito e Inversiones; Itaú Corpbanca; Banco Santander Chile; Scotiabank Chile;

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Author: Ambrogio Visconti.