AUGUST 28, 2023

Santo Tomás Educational Group’s $57 Million Financing

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Áreas de práctica relacionadas: Bancos e Instituciones Financieras

GLOBAL LEGAL CHRONICLE

Carey and Beccar Varela represented the International Finance Corporation (IFC), while Nassar Delgado Iñiguez (NDI) advised Santo Tomás in the transaction.

The Santo Tomás educational group, comprising Universidad Santo Tomás, Instituto Profesional Santo Tomás and Centro de Formación Técnica Santo Tomás, closed a financing agreement for approximately US$57 million.

The objective is to allocate the funds to finance physical and digital infrastructure projects in higher education, targeting students from mostly vulnerable backgrounds across Chile.

Catalina Ugarte Amenábar and Jorge Jaramillo acted as in-house counsels for Santo Tomás and IFC, respectively.

NDI’s team included partner Pedro Felipe Iñiguez and associates Karen Urrestarazu, María Angélica Elizalde and Javiera Edwards.

Beccar Varela’s team consisted of partners Pablo José Torretta and Carolina Serra, together with associate Franco Montiel.

Carey’s team was led by partner Fernando Noriega (Picture), with the support of associates Tomás Varela, Loreto Ribera, José Luis Enberg, Nicolás Fontaine, Felipe Reyes and María José Vidal.

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Santo Tomás Educational Group’s $57 Million Financing
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