PPU assists EFE in credit agreement with BBVA
Philippi Prietocarrizosa Ferrero DU & Uría Chile has assisted Empresa de los Ferrocarriles del Estado (EFE), as debtor, in connection with a USD 125,000,000 unsecured bilateral credit agreement granted by Banco Bilbao Vizcaya Argentaria (BBVA), as financing bank, under New York law.
The transaction was closed on 29 December.
Skadden acted as US counsel to EFE, while Garrigues and A&O Shearman advised BBVA locally and internationally, respectively.
PPU’s team consisted of partners Andrés Sanfuentes (pictured left) and Daniel Parodi (pictured right), and associate Emilia Bascuñan.
