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Simpson Thacher Represents SCL, the Airport Concessionaire, in the Refinancing of the Debt Related to the Santiago Airport

07.06.12

Simpson Thacher & Bartlett LLP represented SCL Terminal Aéreo Santiago Sociedad Concesionaria (SCL) in connection with the refinancing of existing indebtedness related to the concession of the Santiago de Chile airport.  SCL obtained a US$170 million credit facility from Corpbanca, which it used to refinance existing project bonds issued in both Chile and in the United States and guaranteed by the monoline insurer MBIA Insurance Corporation.  SCL holds the concession of the Santiago, Chile’s international airport.  SCL is controlled by AGUNSA, a Chilean maritime and airport operation group, with other investors including Vantage from Canada, Global Vía and Abertis from Spain, and a Chilean investment fund. 

The Simpson Thacher team included Todd Crider.