Carey Advised Masisa and a Syndicate of Banks Led by Rabobank Chile in a Credit Agreement
September, 2016 - Santiago, Chile
Carey advised Rabobank Chile (as agent), The Bank of Nova Scotia, Banco de Crédito del Perú and Export Development Canada, as lenders, and on the other side to Masisa, as borrower, and Masisa Forestal, as subsidiary guarantor, in a credit agreement for USD100 million granted to Masisa with Masisa Forestal.
Two different and independent teams of Carey participated in the transaction. One of them acted as counsel to the lenders, which implied to coordinate the positions and interests of the different banks led by the agent. The other acted as counsel to the borrower. It was a cross border transaction as the credit is subject to New York law.
Carey advised Rabobank Chile, The Bank of Nova Scotia, Banco de Crédito del Perú and Export Development Canada by a team led by partners Diego Peralta and Jorge Ugarte, and associate Macarena Pivcevic. And Masisa and Masisa Forestal by partner Francisco Ugarte.
