Morales & Besa

Morales & Besa is ‘one of the leading practices in Chile for advice to both banks and sponsors on financing’. The enviable track record of the firm’s highly experienced banking and finance team covers complex financings in both local and international markets, including foreign exchange transactions, syndicated financings, club deals and debt refinancing. Acting for both lenders and borrowers, the team’s coverage further encompasses secured and unsecured financings, structured finance, acquisition finance and restructurings. It is also highly active in energy and infrastructure-related project financing transactions, including the financing of power generation projects, transmission lines, highways, airports, hospitals, dams and ports. In recent highlights, the group acted for Global Infrastructure Partners on a syndicated financing (under New York law) to finance its investment in a portfolio of renewable energy projects; it also advised borrowers and lenders on multiple amendments to local and foreign financings. The 13-strong department’s main figures are José Miguel Carvajal, a specialist in loans, bond offerings and foreign exchange matters; and Myriam Barahona, who is ’very good at providing solutions’, and routinely advises on infrastructure and energy project finance, debt restructuring, insolvency issues and project bond placements. Another name to note, Carlos Silva focuses on the financing of projects. At associate level, the partners can call on a sizeable group of mid-level associates who all focus on finance matters.