Sociedad Concesionaria Costanera Norte’s $390 Million Credit Facility


Arteaga|Gorziglia, Baraona Fischer & Cia, Norton Rose Fulbright and Claro & Cia advised on the transaction

Sociedad Concesionaria Costanera Norte secured a $390 Million Credit Facility from a group of banks including Banco Itaú Corpbanca, Santander Chile, AFP Habitat and Banco Estado.

IDB provieded a partial guarantee for a local currency bond to be issued by Sociedad Concesionaria Costanera Norte S.A..

Proceeds will be used by Costanera Norte for the creation of a high-speed urban toll road network crossing metropolitan Santiago from east to west.

Sociedad Concesionaria Costanera Norte S.A. operates toll highways. The Company offers toll collection and maintenance support services. Sociedad Concesionaria Costanera Norte serves customers in Chile.

Arteaga|Gorziglia advised Sociedad Concesionaria Costanera Norte S.A. with Arnaldo Gorziglia Cheviakoff (Picture), Cristián Carpentier and Magdalena Fabres.

Baraona Fischer & Cia advised Banco Itaú, Santander Chile, AFP Hábitat and Banco Estado with Raúl Marshall and Rodolfo Vega Pizarro.

Norton Rose Fulbright advsied Banco Interamericano de Desarrollo (BID) with Kenneth Hansen and Rachel Rosenfeld.

Claro & Cia. advised Banco Interamericano de Desarrollo (BID) with Jorge Martín Díaz. Asociados Josefina Ayala y Jorge Granic.

Involved fees earner: Cristián Carpentier – Arteaga Gorziglia & Cia; Maria Magdalena Fabres – Arteaga Gorziglia & Cia; Arnaldo Gorziglia C. – Arteaga Gorziglia & Cia; Raúl Marshall – Baraona Fischer Spiess; Rodolfo Vega – Baraona Fischer Spiess; Josefina Ayala – Claro y Cia; Jorge Martín – Claro y Cia; Jorge Granic – Norton Rose Fulbright; Kenneth Hansen – Norton Rose Fulbright; Rachel Rosenfeld – Norton Rose Fulbright;

Law Firms: Arteaga Gorziglia & Cia; Baraona Fischer Spiess; Claro y Cia; Norton Rose Fulbright;

Clients: AFP Habitat SA-Pension Fund Type E; Banco Estado; Banco Itaú; Banco Santander Chile; Inter-American Development Bank; Sociedad Concesionaria Costanera Norte SA;