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A&O, Carey, PPU and Ropes & Gray guide $560m telecom loan in Chile

  • News
  • 27 June 2018
  • 240
  • 2 minutes read

Carey in Chile and Ropes & Gray in London advised telecoms company VTR on a $560 million loan. The banks relied on Allen & Overy in London and PPU in Chile.

Erdfunkstelle Raisting AUTHOR by Richard Bartz, Munich aka Makro FreakVTR Globalcom is Chile’s largest provider of subscription TV. It is owned by Liberty Global. 

The financing to VTR included a revolving credit line for $185 million; a local long term loan for CLP (Chilean peso) 174 billion (aproximately $275 million) and another revolving credit line for CLP 15 billion (aproximately $24 million.)

Partners Pablo Iacobelli and Guillermo Acuña led the Carey team which provided Chilean law counsel to VTR. The company instructed Ropes & Gray in London for international law.  

Philippi Prietocarrizosa Ferrero DU & Uría advised the banks under Chilean law. This team was fronted by partner Marcelo Armas who is also the co-chair of the law firm. 

For international law, the banks instructed Allen & Overy.

 

Ignacio Abella

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