Cariola advises Atco Sabinco on $35m loan

Cariola Díez Pérez-Cotapos has counselled Atco Sabinco, a subsidiary of Canada’s Atco Structures & Logistics, on a $35 million loan

 Cariola Díez Pérez-Cotapos has advised Atco Sabinco S.A., a Chilean subsidiary of the Canadian company Atco Structures & Logistics Ltd., in connection with a $35 million senior revolving credit facility granted by Scotiabank Chile and Export Development Canada under Canadian law.

The local financing was intended to extend, amend and restructure the company’s existing indebtedness and for general corporate purposes, and was provided in conjunction with a $175,000,000 CAD Canadian credit facility entered into by Atco Structures & Logistics with The Bank of Nova Scotia and other lenders under Canadian law.

The transaction was closed on 7 October, with Guerrero Olivos acting as legal counsel to the lender.

Atco Sabinco is a construction company dedicated to the manufacture of prefabricated modules, providing solutions for facilities such as casinos, emergency hospitals, complete bathrooms, mining camps, among others. It has a factory in the district of Lampa, inaugurated in 2011, one of the most modern in South America with an area of more than 61,000 m2.

Guerrero Olivos’ team consisted of partner Miguel Coddou and associate Matías Ríos.

Cariola’s team was led by partner Rodrigo Sepúlveda (pictured left), assisted by associates María Jesús Kipreos (pictured top right) and Alejandrina Karlezi (pictured bottom right).