Bloomberg News

Chile’s Hites Signs $130 Million Syndicated Loan Led by Itau

May 02, 2012

Empresas Hites SA (HITES), a Santiago-based department-store operator, agreed April 27 to borrow $130 million from a syndicate of banks led by Itau Unibanco Holding SA’s units in Chile and New York, it said in a statement to the Chilean securities regulator.

The company will use proceeds for investment and to restructure its liabilities, it said.

To contact the reporter on this story: Sebastian Boyd in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

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