Transmisora Eléctrica del Norte S.A.

Prieto has advised Transmisora Eléctrica del Norte S.A. (“TEN”), and its sponsors in the negotiations for the obtention of the financing for the construction, development and operation of a trunk electricity transmission line of approximately 600 km with a 500kV capacity, that will connect the Sistema Interconectado Central (SIC) with the Sistema Interconectado del Norte Grande (SING). The financing was structured in the form of a Project Finance, and it includes an international senior facility, a local senior facility, the issuance by TEN of fixed rate instruments and an additional loan for the financing of the Value Added Tax associated to the project. The total value of the transaction is USD $1,040,000,000.- and several local and foreign banks and financial institutions were involved. (2016)

S.A.C.I Falabella

Prieto advised S.A.C.I Falabella, holding company of Chile’s largest department store chain Falabella, in the issuance and placement of bonds for US$ 240MM. (2016)

Watt’s S.A.

Prieto assisted the Chilean based company Watt’s in the acquisition of Danone’s business in Chile, by means of a share purchase agreement entered into on September, 2016, for Ch$16,000 million. Watt’s and Danone have also agreed on the main features of a long term license agreement. The deal is expected to close in the next months and is subject to certain conditions customary for transactions of this nature. (2016)

Inversiones La Construcción S.A.

Prieto assisted Inversiones La Construcción S.A. (ILC) in the sale of 49% of the shares issued by Desarrollos Educacionales S.A., a holding company managing nine private schools in different locations in Chile, to the international education group “Cognita”, through its Chilean affiliate Cognita Chile Limitada. (2016)

Inversiones La Construcción S.A.

Prieto advised Inversiones La Construcción S.A., a holding company which provides key services for the country’s development in the financial and healthcare industries, such as AFP Habitat, Confuturo, Corpseguros, Banco Internacional, Consalud, Red Salud and Vida Cámara, in the issuance and placement of bonds for US$ 40MM. (2016)


Prieto advised E.CL S.A. (nowadays “Engie Chile”), in a highly-competitive, international and private bidding process aimed to select a strategic partner in its affiliate Transmisora Eléctrica del Norte S.A. (“TEN”), after which Red Eléctrica Internacional S.A. resulted as awarded bidder, acting through its subsidiary Red Eléctrica Chile. Red Eléctrica Chile acquired 50% of the share capital of TEN in USD 218 million. Both Engie Chile and Red Eléctrica Chile will participate jointly in the construction and commercial development of the Mejillones – Cardones 500 kV power transmission line project in Chile of 600 km in length allowing the interconnection of Chile’s Central and Northern Electricity Grids. The project, is already in its construction phase, involving an investment of approximately US$ 781 million. (2016)

Inversiones la Construcción S.A. 2016

Prieto advised Inversiones La Construcción S.A. in the association with Prudential Financial Inc. for the incorporation of such company into the property of AFP Habitat. The transaction included a share purchase agreement and a tender offer of AFP Habitat´s shares. As a result, both companies will participate in equal proportions in the property of AFP Habitat.(2016)

Automotores Gildemesiter S.A.

Prieto advised a group of creditors of Automotores Gildemesiter S.A. in the reorganization of its debt, for a total amount of US$ 700 million. The operation involved the exchange of its current bonds for new secured bonds issued in international markets under Rule 144A and Regulation S of the U.S. Securities Act of 1933, the acquisition of an equity interest by the creditors and the issuance of warrants for such creditors. (2016)