Carey and Davis Polk advise Falabella on bond repurchase
Carey and Davis Polk & Wardwell have represented Falabella on the Chilean legal aspects of the repurchase of its bonds placed in the foreign market under U.S. Rule 144A and Regulation S of the Securities Act of 1933.
The bonds, maturing in 2027, were repurchased for a total of USD 210 million in a transaction that closed on March 25, 2025. This strategic move allowed Falabella to reduce its debt and improve its risk rating, signaling recovery to both foreign and domestic markets.
Counsel to JP Morgan and Santander included Cleary, Gottlieb, Steen & Hamilton and Garrigues. Carey’s legal teams involved in this transaction were comprised by Cristián Eyzaguirre, Patricia Silberman, Ignacio Alfaro
From Davis Polk & Wardwell, Maurice Blanco was the leading partner, along the associates Katia Brener and Juan Pablo Sánchez Cobo (foreign temporary associate).
Adam J. Brenneman was the leading partner for Cleary Gottlieb Steen & Hamilton along with associate Jose Juan Vázquez Orendain
Garrigues’s team was comprised by partner Pedro García M., María Fernanda Jara V. (senior associate), Makarena Faúndez Amigo (junior associate)
In-house lawyers from Falabella included Javier Allard (legal manager) and Sebastián Peralta. Financial advisors from JP Morgan and Santander also played key roles in facilitating the transaction.
