Mr Cristóbal Larraín KC > Baker McKenzie Chile > Santiago, Chile > Lawyer Profile

• Advised Mizuho and a syndicate of 18 international banks in a USD 110 million unsecured syndicated credit agreement rollover to BCI.
• Advised Banco Security in a USD 13.7 million VAT loan to Scania Suministradora de Flota Uno SpA to finance the VAT derived from the purchase of electric buses for the Santiago Public Transportation System.
• Advised Banco Security in a USD 13 million VAT loan to Administradora CK SpA, an SPV formed by Kaufmann and Copec, to finance the VAT derived from the purchase of electric buses and chargers for the Santiago Public Transportation System.
• Advised Unilever Chile on the sale of the ice cream business to Empresas Carozzi S.A.
• Advised Banco Bilbao Vizcaya Argentaria S.A. (BBVA) in a two tranche credit agreement of up to USD 200 million, guaranteed by a multilateral agency, to Caja de Ahorros, a Panamanian autonomous public entity, for the provision of working capital loans to small and medium enterprises, corporates and domestic banks to assist in the Government of Panama’s economic response to COVID-19 pandemic.
• Advised Banco Bilbao Vizcaya Argentaria S.A., New York Branch on a USD 25 million senior secured loan agreement to Winnfield Investments LLC, part of the Uruguayan Otegui Group, to finance its capital contributions to UPM, a Uruguayan cellulose production company, and its affiliates.
• Advised the consortium Grupo Vía Central, comprised of Sacyr, NGE, Saceem and Berkes, in the development, construction and finance (including senior and subordinated facilities) of a USD 1.1 billion railway project consisting in 273 km of rail lines in the corridor that will link the country’s capital Montevideo with Paso de los Toros, the largest PPP in Uruguayan history (IJ Global Infrastructure-Rail Deal Of the Year 2019; Latin Lawyer Project Finance-Infrastructure Deal of the Year 2019).
• Advised Orion Resources Partners (USA) LP and Audley Capital Advisors LLP, on the agreement to sell a 30% stake of Mantoverde copper mine to Mitsubishi Materials Corporation in a USD 283 million deal.
• Advised Jeronimo Martins in two subsequent loans for USD 93 million and USD 95 million with IFC for the expansion of its ARA supermarkets operations in Colombia.
• Advised Natixis and coordinated a global project to conduct a world-wide analysis, including 31 different jurisdictions, which purported to ensure compliance by Natixis with relevant financial regulations in markets where the bank markets and/or enters into transactions related to financial products.
• Advised Mizuho and BTMU and a syndicate of 20 international banks in a USD 125 million unsecured syndicated credit agreement rollover to BCI.
• Advised Energía Renovable de la Península S.A.P.I. de C.V., a project company owned by BOW Power, Envision and Vive Energía, as borrower on the financing of a USD 110 million wind project in Yucatan, Mexico, with Natixis, New York Branch and Crédit Agricole Corporate & Investment Bank.
• Advised a Mexican agro-industrial company in a USD 55 million loan with a multilateral credit institution to refinance its corporate debt.
• Advised Securitizadora Security S.A. with the structuring and issuance of a line of securitized bonds for USD 123 million.
• Advised Rockwood Lithium with the expansion of its La Negra plant in the Atacama Salt.
• Advised LafargeHolcim in its USD 116 million sale of Cemento Polpaico, a Chilean publicly listed company.
• Advised Credicorp Capital Asset Management S.A. Administradora General de Fondos in (i) a joint venture with Greystar Real Estate for the acquisition, development, construction and management of residential projects; (ii) the incorporation and structuring of a public fund for these purposes; (iii) the USD 35 million acquisition of a 12,000 sq. meters land for a residential project; and (iv) the negotiation and subscription of all agreements necessary for the development, construction and management of the residential project.
• Advised a US telecoms company in the acquisition of a Chilean telecom company conducted through an auction process.
• Advised Banco Security in the USD 51 million acquisition of Penta Administradora General de Fondos and Penta Corredores de Bolsa and in their immediate merger into Banco Security subsidiaries.
• Advised ED&F Man in connection with simultaneous tender offers for the acquisition of Empresas Iansa S.A. and Sociedad de Inversiones Campos Chilenos S.A. (both Chilean listed companies).
• Advised Walgreens Boots Alliance in its acquisition of Farmacias Ahumada by means of a public tender offer with approximate value of USD 638 million.
• Advised Farmacias Ahumada S.A. in its reorganization, bonds prepayment and delisting process.
• Advised Cencosud on the issuance of an international series bond as part of a dual tranche offering valuing USD 1 billion, and on the issuance of a local line of bonds valuing USD 380 million. In addition, advised on the bond prepayment process and the inscription of a new line of bonds.
• Advised Grupo Security in its acquisition of the Grupo Cruz del Sur companies, which included an insurance company, a funds management entity, and a securities broker, among others.

Related Expertise:

• Banking & Finance
• Capital Markets
• Mergers & Acquisitions
• Project Finance