Bank of China grants credit to a Chilean salmon fisherySeptember 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
Partner Felipe Moro and associates Fernando Noriega and Diego Lasagna in Santiago