COPEC’s $500 Million Credit Facility

Simpson Thacher advised Compañía de Petróleos de Chile COPEC S.A. in the transaction

Compañía de Petróleos de Chile COPEC S.A. secured a $500 million credit facility with Sumitomo Mitsui Banking Corporation, Scotiabank Chile, JPMorgan Chase Bank, N.A. and BNP Paribas Securities Corp., as lenders, and MUFG Bank, Ltd., as lender and administrative agent.

Copec is a wholly-owned subsidiary of Empresas Copec, one of the largest public companies in Chile with operations in fuel and lubricants distribution & convenience stores, forestry, fishing and other industries.

The Simpson Thacher team for this transaction included David L. Williams (Picture), Juan M. Naveira and Pablo Richards (Corporate); Robert Holo and Morgan Otway (Tax).

Involved fees earner: Robert Holo – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; David Williams – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Compañía de Petróleos de Chile Copec S.A.;

Author: Ambrogio Visconti