Golden Omega’s $115 Million Refinancing

Larrain y Asociados and Alessandri advised on the transaction

Banco Security, Itaú Corpbanca and Scotiabank Chile finalized the refinancing and reorganization of Golden Omega existing liabilities

Golden Omega is a Chilean company that is part of Grupo Angelini, and focused in producing high quality Omega-3 concentrates derived from fish oil.

The operation consisted in negotiation, documentation and closing contracts of financing, separated by each of the creditors, credit assignments in order to acquire liabilities of certain creditors, debt recognition and the establishment of security interest and personal guarantees, for an approximate amount of US$ 115,000,000

Alessandri advised Golden Omega S.A. with Fernando Jamarne.

Larrain y Asociados advised Banco Security, Itaú Corpbanca and Scotiabank Chile with a team including Patricio Montes (Picture), Diego Garay, José Pedro Ruiz and Michelle Inzunza.

Involved fees earner: Fernando Jamarne – Alessandri Abogados; Diego Garay – Larrain y Asociados; Michelle Inzunza – Larrain y Asociados; Patricio Montes – Larrain y Asociados; José Pedro Ruiz – Larrain y Asociados;

Law Firms: Alessandri Abogados; Larrain y Asociados;

Clients: Banco Security; Golden Omega S.A.; Itaú Corpbanca; Scotiabank Chile;

Author: Ambrogio Visconti.