Barros & Errázuriz advised Banco de Crédito e Inversiones, Banco Santander-Chile as mandated lead arrangers
January 15, 2025 · 1 min read
Barros & Errázuriz advised Banco de Crédito e Inversiones, Banco Santander-Chile as mandated lead arrangers, and Banco Security, Banco BICE, Banco BTG Pactual, Banco Consorcio, China Construction Bank, Agencia en Chile and Compañía de Seguros de Vida Consorcio Nacional de Seguros S.A. (the “Lenders”) in the structuring, negotiation and closing of a syndicated multi-tranche Financing for over US$239 million to Sociedad Concesionaria Hospital Coquimbo S.A., to finance the construction and operation of the new Coquimbo Hospital, located in the Fourth Region of Chile. This project is a public works concession awarded to China Railway Construction Corporation, a Chinese state-owned company, a global leader in infrastructure solutions, which will allow the implementation of a world-class hospital facility with more than 600 beds available for patient care in the north of Chile.
Este proyecto se trata de una concesión de obra pública adjudicada al consorcio China Railway Construction Corporation, una empresa estatal china, líder global en soluciones de infraestructura, que permitirá la implementación de un recinto hospitalario de primer nivel con más de 600 camas disponibles para la atención de pacientes en el norte de Chile.
In a preliminary phase, B&E actively participated in the evaluation of the main legal risks of the Concession, analyzing all relevant laws, regulations, bidding terms and industry practices. The firm was instrumental in drafting a due diligence report and reports designed to address specific concerns of the Lenders. In a second phase of the project, B&E assisted in the preparation of the extensive documentation required for the closing of the financing, including a syndicated multi-tranche financing agreement and the customary security package for a project finance, as well as in the negotiation of the construction and operation and maintenance agreements for the Concession.
For more details, we invite you to review the publication of the international media, Latin Lawyer and The Latin American Lawyer.
