Pu
NE Camanchaca
to
ESSENTIAL FACT
CAMANCHACA S.A.
Registration Registry of Values N* 1.060
Santiago, September 1, 2022
Mrs.
Solange Berstein Jáuregui
President
Financial Market Commission
Present.
In accordance with the provisions of article 9* and the second paragraph of article
10″ of Law 18,045 on the securities market, and in the General Rule
N*30 of the Commission for the Financial Market, in my capacity as general manager of
CAMANCHACA S.A. (the “Company” or “Camanchaca”) and duly authorized by its
directory, I communicate to you the following essential information regarding said
society:
By public deed granted with this date in the Notary of Santiago de don
Alvaro González Salinas, Camanchaca S.A. and its subsidiary Salmones Camanchaca S.A., have
subscribed with DNB Bank ASA, Coóperative Rabobank U.A. and Banco Santander,
Chile S.A., a modification of the rescheduling and commitment contract of
financing, which was granted on November 27, 2017, through which
Camanchaca S.A. has reprogrammed its revolving long-term financing line.
This new reprogramming of Camanchaca S.A. modifies section B, which currently
amounts to USD 33.3 million and is fully utilized and whose plan to
Amortizations extinguished it in 2024.
This modification increases tranche B to USD 40 million and extends the terms
of amortization, being granted from this date to a term of 5 years, with 3
grace years, two reductions of 10% each at the end of the third and fourth years, and
a final reduction at the end of the fifth year of the remaining 80 per cent.
The cost of the referred financing line is represented by a margin
variable on the OFR rate, which replaces Libor as the base rate, which can
fluctuate between 2.75% and 4% per year and that depends on the coverage of the financial debt
net on the Ebitda of the last twelve months of Camanchaca S.A. and subsidiaries,
without considering for the purposes of this calculation the subsidiary Salmones Camanchaca S.A.
This modification of the refinancing contract conveniently displaces the
amortization schedule of Camanchaca S.A., which now extends to
September 2027, thus improving the cash flow profile for the next 5 years.
Yours sincerely to Mr. President,
QU
CAMANCHACA S.A.
Ricardo Garcia Holtz
General Manager
Dc. Santiago Stock Exchange
Electronic Stock Exchange of Chile
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=586b84fba608673774df72c4f0f31f7eVFdwQmVVMXFRVFZOUkUwd1RXcG5NVTUzUFQwPQ==&secuencia=-1&t=1682376108
