Deal
Carey advises Baillie Lodges on Chilean tranche of approximately USD 200 million multicurrency refinancing
Carey advised Baillie Lodges on the Chilean aspects of an approximately USD 200 million multicurrency refinancing granted by Deutsche Bank , aimed at financing the operation and expansion of its luxury hotel chain in Australia, New Zealand and Chile, as well as refinancing existing indebtedness.
Carey advised Baillie Lodges on the Chilean aspects of an approximately USD 200 million multicurrency refinancing granted by Deutsche Bank, aimed at financing the operation and expansion of its luxury hotel chain in Australia, New Zealand and Chile, as well as refinancing existing indebtedness.
The financing was structured through multiple tranches denominated in Australian, New Zealand, Canadian and U.S. dollars. The Chilean tranche, Facility G3, amounts to USD 60 million, with Katari acting as borrower. Baillie Lodges cre?dito Katari
The transaction involved seven jurisdictions —Australia, New Zealand, Chile, the United Kingdom, Luxembourg, Canada and the United States— each with different legal systems and regulatory requirements. From the Chilean perspective, the transaction also required coordinating the refinancing of existing loans and negotiating repayment with local creditor banks. Baillie Lodges cre?dito Katari
Ashurst LLP and Carey acted as counsel to Baillie Lodges, while Allens and Larraín y Asociados advised the lender side. Baillie Lodges cre?dito Katari
The Carey team included partners Marcos Ríos and Felipe Moro, together with associates Constanza Rojas, Magdalena Menchaca and Laura Infante.
Ashurst’s team included partner Campbell Johnston, counsel Cara Stevens, and associates Mitchell Maros and Jordan Rahmel.
The Allens team comprised partner Ben O’Hoy, senior associate Yoni Baker, managing associate Tristan Kelly, and associate William Smith.
