Pesquera Camanchaca and Salmones Pacific Star said this week they refinanced their bank debt, $350 million (€245 million) for Pesquera Camanchaca and $43 million (€30 million) for Pacific Star.
The deals end months of intensive negotiations between the companies and their banks.
Pesquera Camanchaca closed a refinancing deal with 12 banks for $350 million, of which $100 million (€70 million) will be allocated to the company’s working capital, El Diario Financiero reported.
One of the main refinancing conditions was for a London interbank offered rate (LIBOR) plus 1.7
