Grupo Graneles $500 million refinancing

Overview:

• Graneles de Chile, Inversiones Graneles, and Agrogestión Vitra have collectively refinanced $500 million of debt through loans from a syndicate of banks.
• Graneles de Chile borrowed $200 million and the others each took out $150 million each. 
• Banco Santander, Banco de Chile, BCI, BBVA, Banco Security, Corpbanca, Scotiabank and Rabobank Curaçao acted as lenders.
• The companies started negotiations with the banks in November 2014. 
• The companies are subsidiaries of Graneles del Sur, a logistics and agricultural company. 

Rani Mehta - Journalist