VTR obtains loan for USD484 millionJuly 9, 2018, by - LATIN LAWYER
Ropes & Gray’s London office and Carey in Santiago have helped cable television and broadband provider VTR obtain a US$484 million loan.
Allen & Overy LLP in London and New York and Philippi Prietocarrizosa Ferrero DU & Uría (Chile) represented the lenders.
The transaction consisted of several facilities, including a US$185 million revolving credit line; a US$275 local long-term loan and another US$24 million revolving facility.
VTR is based in Chile, but owned by US television company Liberty Global.
The deal closed on 13 June.
Counsel to VTR
Ropes & Gray
Partner Jane Rogers and associate Ana Biloglav in London
Partners Pablo Iacobelli and Guillermo Acuña, counsel Patricia Silberman, and associates Fernando Noriega, Feliciano Tomarelli, Josefina Marshall and José Antonio Espinoza in Santiago
Counsel to BBVA, BCI, Itaú Corpbanca and ScotiaBank
Allen & Overy LLP
Partner Philip Bowden and associates Hannah Gates and Alice Smith and Zoe Halliday in London, and partner Todd Koretzky in New York
Philippi Prietocarrizosa Ferrero DU & Uría (Chile)
Partner Marcelo Armas and associates Marcela Silva, Macarena Valenzuela and Vicente Vergara in Santiago