Cuatrecasas counsels Lota Protein on extension of credit lines

Cuatrecasas, through its team in Santiago de Chile, has counselled Lota Protein on the modification of an existing credit agreement with DNB Bank for the extension of its credit lines, for a global value of US$ 213,000,000.

Thanks to this transaction, Lota Protein, a Norwegian-owned fishing company, will be able to increase the financing for its working capital, in addition to modifying the financing conditions existing to date, in order to make the use of its resources more flexible and generate operational efficiencies.

The advisory included the multi-jurisdictional negotiation of the extension of the company’s current credit lines, together with the guarantees associated with such credits.

Cuatrecasas’ team consisted of partners Roberto Guerrero (pictured centre) and Macarena Ravinet (pictured left), together with associate Tomás Montes (pictured right).