Baker & McKenzie advised Banco Security in US$100 million Trade-Related Syndicated Facility

The Chicago and Santiago offices of Baker & McKenzie LLP and Cruzat, Ortúzar & MacKenna Ltda., Baker & McKenzie International advised Banco Security, a leading Chilean commercial bank part of the Grupo Security Financial Group, as borrower in connection with an unsecured US$100 million Trade-Related Syndicated Facility (the ?Facility?) arranged by BNP Paribas (?BNP?), ING Capital LLC (?ING?) and West LB AG New York Branch (?West LB?) to finance pre-export and export financing facilities to Banco Security?s corporate customers. ING also acted as Lender and Administrative Agent of the Facility.

Banco Security sought New York and international law advice from Banking & Finance Chicago based partner José A. Morán and senior associate Zaid-AlFarisi. Further, Banco Security sought Chilean law advice from partners León Larraín and Jaime Munro (Banking & Finance), Arturo Garnham (Tax) and associate Mauricio Hartwig-Jacob (Banking & Finance).

In addition of West LB and BNP, the following banks also acted as Lenders under the Facility: ABN Amro Bank N.V., Bank of Montreal Ireland plc, BNP Paribas Andes, Citibank, N.A., Bahamas Branch, Dresdner Bank AG, ING Bank N.V. and Wachovia Bank, National Association.

The Mandated Lead Arrangers and Joint Bookrunners of the Facility were advised on New York law by the Miami office of White & Case LLP through Victor M. Alvarez (Partner), Carlos Viana (Senior Associate), and Manuel Rodriguez (Associate) and on Chilean law by Marcelo Armas of Philippi, Yrarrázaval, Pulido & Brunner in Chile.