The deal comes after protracted negotiations with two banks, Banco de Chile and Rabobank, who will present the details of the restructuring plan to the company's other creditors, including BCI, CorpBanca, DnB, Santander, Itau, and BBVA
Negotiations, which started in March, ended this week with a deal for 10-year loans at variable interest rates based on the company’s results, with two to three years of grace.
The agreement was ratified by the board of the company, controlled by Chilean businessmen Alberto del Pedregal, Martin Borda, Jose Ramon Gutierrez, Carlos Pucci and the family of Hugo Pino.
In
