Two Simpson Thacher & Bartlett LLP offices and Claro & Cía in Santiago have helped Chilean telecoms company DB Terra – which operates locally as Mundo Pacífico – make its inaugural international notes offering for US$435 million.
Philippi Prietocarrizosa Ferrero DU & Uría (Chile) assisted the banks.
Latin Lawyer understands that international firm A&O Shearman also represented the banks but could not confirm this before publishing.
The deal closed on 20 April.
The issuer will use the proceeds to refinance existing debt and general corporate purposes related to its Mundo telecoms network in Chile. It may also use a portion of the funds for sustainability initiatives.
The deal comes amid a recent spout of debt deals involving Latin American telecoms assets. In March, Echecopar in Lima advised the Peruvian subsidiary of Vietnamese telecoms group Viettel on a US$83 million loan, with Peru’s Miranda & Amado acting for the lenders. Earlier this year, international firm Cleary Gottlieb Steen & Hamilton LLP and EGFA in Buenos Aires helped Telecom Argentina carry out a US$600 million notes issuance, while international firm Linklaters and Argentina’s Beccar Varela advised the banks.
Counsel to DB Terra Chile
Simpson Thacher & Bartlett LLP
Partners Juan Naveira, Gabriel Silva, Jonathan Cantor and Nathan Utterback, associates Marcelo Lorenzen and Ruben Aguirre, and international associate Taisa Sani in New York, and associate Isabel De Carvalho in London
Claro & Cía
Partner José Luis Ambrosy and associates Jorge Granic, Nicolás Pérez de Arce and Javiera Blanco in Santiago
Counsel to Goldman Sachs, Santander US Capital Markets, Scotia Capital (USA), and Banco BTG Pactual – Cayman Branch
Philippi Prietocarrizosa Ferrero DU & Uría (Chile)
Partner Daniel Parodi, director María Jesús Ibáñez and associates Tomás Canales and Antonia Molina in Santiago
