Bank of China grants credit to a Chilean salmon fishery

September 19, 2019, by - LATIN LAWYER

 

Chile’s biggest salmon fishery gets Bank of China credit line

Luis Bulcao Pinheiro

19 September 2019

Shearman & Sterling LLP in Hong Kong, Grandall Law Office in Beijing and Cariola, Díez, Pérez-Cotapos in Santiago have helped Chilean salmon fishery Australis Mar and its Chinese owner Joyvio obtain a US$160 million loan from Bank of China.

Carey in Santiago advised Bank of China.

The deal closed last month. It includes a term facility that will be used to cover existing debt and a revolving credit facility which will be available for the company for general business maintenance.

Joyvio, with the support of China’s investment fund Silk Road, acquired Australis Mar for US$922 million in July.


Counsel to Joyvio and Australis Mar

In-house counsel to Australis Mar Rubén Henriquez and Joaquin Vial

Shearman & Sterling (Hong Kong)

Counsel Kenneth Ching and associate Alison Lui in Hong Kong

Cariola, Díez, Pérez-Cotapos

Partners Rodrigo Sepúlveda and Francisco Illanes, and associates Nicolás Vial, Franco Dalmazzo, Diego Martínez and Valentina Barros in Santiago

Grandall Law Office

Counsel to Bank of China

Carey

Partner Felipe Moro and associates Fernando Noriega and Diego Lasagna in Santiago


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