Chile’s Carey has acted as deal counsel for a US$40 million bond issuance by Chilean factoring company Incofin.

The underwriter was Banco Santander. The offering closed on 28 March.

Of the funds raised, 80% will be allocated to refinance short and long-term liabilities of the issuer and its subsidiary, Incofin Leasing. The remainder will fund Incofin’s business growth programme.


Deal counsel
Carey
Partner Diego Peralta and associates Elvira Vial and Gabriel Acuña