Cencosud refinances liabilities for USD 770 million

Santiago April 1st, 2014- Cencosud has successfully concluded the refinancing of liabilities in the amount of approximately USD 770 million thus reducing debt servicing payments for 2014 in USD 650 million and in USD 120 million for 2015 and reducing liquidity needs for the next 24 months. This also improves the overall liquidity position for the company.

The debt roll-over operation had the support of 10 regional Banks; BBVA, Banco de Bogotá, Bradesco, Banco del Estado de Chile, HSBC, Mizuho Bank, Banco Popular de Colombia, Rabobank, Santander and Sumitomo Mitsui Banking Corporation in addition to other competitive offers. The aforementioned goes to show the company´s solid financial position and the trustworthiness it reflects in the market.
Proceeds from this operation should be used for the refinancing of liabilities in Chile, Brazil, Peru and Colombia with terms ranging from 3 to 6 years. Proceeds should be divided in the following amounts, USD 270 million in Chile, USD 60 million in Peru, USD 144 million in Brazil and USD
179 million in Colombia. As a consequence of this duration for our debt is extended and terms and conditions remain unchanged.
This successful operation is in line with the group´s financial strategy, seeking to extend payment terms for our debt, shifting focus to the operation and ultimately deleverage the group.

AMORTIZATION SCHEDULE

1.400.000.000

1.200.000.000

1.000.000.000

800.000.000

600.000.000

400.000.000

200.000.000

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28-02-14 Proforma 31/03/2014

About Cencosud

Cencosud is a leading multi-brand retailer in South America, headquartered in Chile and with operations in Chile, Brazil, Argentina, Peru and Colombia. The company, founded by Chairman Horst Paulmann, operates in supermarkets, home improvement stores, shopping centers and department stores, always aiming to deliver the right product at the right price to Latin America's growing middle class.

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