Barros & Errázuriz advised Banco Security on the structuring and negotiation  on the revolving credit line granted to Cordada S.A., for purposes of financing the purchase of credit portfolios.

The parties had previously executed a credit agreement for a credit line, and considering the good curse of the businesses, Cordada S.A. has required Banco Security an increase on the credit line.

The operation contemplated an amendment to the existing credit agreement within the parties, along with the release and amendment of the securities granted in order to satisfy the parties’ interests and purposes under the transaction.