Advice to Aceros AZA in two financings with ESG criteria

Barros & Errázuriz advised Aceros AZA S.A. in two financings with ESG criteria, granted by Banco Santander Chile and Scotiabank. The purpose of this transaction was to invest in the development of its business.

The loans were negotiated as sustainability-linked loans and, as a result, the company agreed to different performance indicators, which included reducing its carbon dioxide emissions, increasing the amount of scrap metal for recycling purchased from grassroots recyclers, and increasing the efficiency of its materials.