Cariola advises on Cervecerías Unidas debt issuance
Chile’s Cariola Díez Pérez-Cotapos has advised Compañía Cervecerías Unidas, one of Chile’s largest beer, soft drink, juice, mineral water and wine producers, in connection with the issuance and placement of the unsecured 7-year Serie L and 10-year Serie M notes for a total amount of $176 million on the Chilean capital markets.
Serie L notes were issued under a 10-year note program and Serie M notes were issued under 30-year note program both duly registered with the Chilean Financial Market Commission in June 2018.
The proceeds of the notes issuance will be used to refinance existing short-term financial indebtedness of the issuer and the investment plan of the Issuer and/or its affiliates, the law firm said.
The notes were structured by Banco de Chile and Scotiabank, and placed by Banchile Corredores de Bolsa and Scotia Corredora de Bolsa.
Cariola Díez Pérez-Cotapos’ team was led by partner Rodrigo Sepúlveda (pictured), with associate Cristóbal Morales.
The in-house legal counsels to the issuer were Felipe Benavides and Paola Camhi.
