Gutiérrez, Waugh, Jimeno & Asenjo Abogados has helped a Chilean salmon farmer restructure a US$50 million syndicated loan by changing the debt's terms and making its fish food supplier a creditor.

Gutiérrez, Waugh, Jimeno & Asenjo Abogados has helped Chilean salmon farmer Cultivos Yadrán restructure a US$50 million syndicated loan by changing the debt's terms and making its fish food supplier a creditor.

A new insolvency law was approved by the Chilean Congress at the end of 2013 and became effective in October 2014.

Chilean trout and salmon producer Cultivos Yadrán extended the term of a US$49.2 million loan.