Vicente Vergara focuses his practice on Corporate Law, with special emphasis on financing and banking law, advising numerous companies, national and foreign, on lending transactions, corporate and project financing (e.g. energy and infrastructure) and structured products.
Employment History
- Associate, 2019 to date
- Foreign associate at DLA Piper LLP (US) – New York Office, 2022-2023
- Associate, Philippi, Prietocarrizosa, Ferrero DU & Uría, 2016-2018
- Legal Assistant, Baker & Mckenzie, 2014-2015
Relevant Experience
Financing
- Summit Ridge Capital Partners: Advised the client, as a lender, in executing a US$20,100,000 credit agreement with Vecchiola S.A., a Chilean company that provides services to the mining industry for its general corporate purposes.
- Itaú Corpbanca, Banco de Crédito del Perú S.A.S, and Banco BICE: Advised the clients, as lenders, for the loan facility granted to three Atlantica Yield´s entities (Transmisora Baquedano S.A., Transmisora Mejillones S.A., and Palmucho S.A.) for the second amendment to the financing.
- Zeal Chile: Advised the client, a Chilean subsidiary of Waterlogic, as a lender to a loan granted to Prisma Water SpA, an innovative Chilean company dedicated to producing purified water.
- Lácteos del Sur S.A.: Advised the client, as lender, to a loan agreement granted to Cooperativa Agrícola Torrencial Lechero, a Chilean company.
- CarbonFree Chile SpA: Advised on financing the acquisition and development, construction, commissioning, testing, start-up, operation, and maintenance of a portfolio of projects consisting of several photovoltaic solar energy projects with an aggregate capacity, once fully constructed and operational, of approximately 225 MW located in Chile. The lender was Deutsche Bank Trust Company Americas.
- Oaktree Capital Management L.P.: Advised the client, as a creditor of Tranche A, for US$1,300,000,000 for the DIP (“Debtor-in-Possession”) Financing Contract in Latin America – Awarded “Deal of the Year 2021” in the category “Banking and Finance” by Latin Lawyer.
- Janssen S.A.: Advised the client, as a subscriber, of a capital increase of shares of Kreis SpA, by which the client acquired 60% of participation in the property of Kreis and, therefore, held control of the acquired company.
- Giddings Fruit S.A.: Advised the client, as a borrower, in a financing agreement governed by New York law called “Note Purchase and Guarantee Agreement” (“NPA”), by means of which certain foreign investors, as lenders, acquired promissory notes (“Notes”) that Giddings Fruit S.A. issued with the purpose of finance several corporate matters of Giddings Fruit S.A. and its subsidiaries, located in Chile, Mexico, Peru, United States of America, England and China.
- Itaú Corpbanca, Banco de Crédito del Perú S.A.S, and Banco BICE: Advised the clients on the financing of three companies belonging to Atlantica Yield for the refinancing and prepayment of current loans governed under New York law of the borrowers. We also advise them for new investments necessary for adequately functioning a recently acquired power transmission line in Vicuña, Chile.
- Colegios Federico Froebel S.A.: Advised on financing granted by Banco Security for new investments in the infrastructure of the educational establishments of Las Condes and Chicureo of the Deutsche Schule and for the prepayment and termination of a real estate leasing agreement precedent held with the Banco de Chile.
- Banco BICE: Advised the client on the credit facility for the issuance of performance bonds required by Sacyr Chile S.A. to guarantee the obligations derived from the construction contract with Sociedad Concesionaria Américo Vespucio Oriente S.A. for the construction of the work Américo Vespucio Oriente 1. We also assist the Banco BICE in the drafting and execution of an inter-creditor agreement with BTG Pactual and Banco Internacional, in which the parties agreed to a collection mechanism and return pari passu for the performance bonds.
- Mirae Asset Daewoo Co.: Advised the Korean bank, lender, and principal agent in charge of a term loan granted to DE Energía SpA for the development, construction, financing, operation, and management of 12 photovoltaic power plants in Chile, with a total capacity 105MW.
- Sky Solar: Advised this company in the negotiation of a local syndicated loan with project finance guarantees for USD 35,000,000.
- Carbon Free Technology: Advised in the negotiation of an international syndicated loan with project finance guarantees for USD107,000,000.
- Komax S.A.: Advised on financing granted by a bank syndicate composed of Banco Santander, Banco Consorcio, and Banco BTG for refinancing outstanding debt and financing for acquiring a new company.
Energy
- CarbonFree Technology: Advised the client in the acquisition of Apolo del Norte SpA, Nuovosol SpA, Sinergia Solar SpA, and Solar Brothers SpA, all of them special purpose vehicles for the development of photovoltaic power plants (PMGD of 9MW).
- CarbonFree Technology: Advised CarbonFree Chile SpA as a borrower for the 10th disbursement of the financing agreement granted by a bank syndicate led by Deutsche Bank Trust Company Americas in its capacity as administrative agent. The draw was granted to acquire four photovoltaic power projects owned by JREL Solar SpA and cover operation and VAT expenses for certain existing projects.
Admissions
- Chile (2016)
Recognitions
- The Legal 500 (Banking and Finance 2021 - 2022)
Languages
- Spanish and English
Education
- Law, School of law, Pontificia Universidad Católica de Chile, 2015
- LL.M., Northwestern University, Law School, 2022
Academic Activities
- Professor assistant, School of Law, Pontificia Universidad Católica de Chile, 2019 to date
Publications
- Venture Capital in Chile: An overview of the Chilean start-up ecosystem and what investors should know before accessing the market (DLA Piper Accelerate - November 28, 2023)
News
- Latam Airlines consigue crédito DIP para enfrentar la crisis (Lex Latin - October 30, 2020)
- Giddings Fruit obtiene recursos para financiar compra de activos (Lex Latin - March 9, 2019)
