News

8 August 2019

Los Grobo Agropecuaria and Agrofina obtain syndicated loan

Pérez Alati, Grondona, Benites & Arntsen (“PAGBAM”) advises Los Grobo Agropecuaria S.A. and Agrofina S.A., as borrowers, in a US$ 85 million syndicated facility (which may be extended up to US$ 120 million) arranged by Banco de Galicia y de Buenos Aires S.A.U., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A., Banco Itaú Argentina S.A., and Banco de la Provincia de Buenos Aires, and Banco de Galicia y de Buenos Aires S.A.U., Banco Santander Río S.A., Banco Supervielle S.A., HSBC Bank Argentina S.A., Banco Hipotecario S.A. and Banco Itaú Argentina S.A., respectively.

The loan is secured with a fiduciary assignment of certain deferred-payment checks delivered by different customers of Los Grobo Agropecuaria and Agrofina, an assignment of contractual rights in favor of the Banks over the sales of agricultural inputs and more than 20 mortgages over different properties of the borrowers located in the Provinces of Buenos Aires and Cordóba

The use of the proceeds will be used by Los Grobo Agropecuaria and Agrofina to refinance short term debt and investments in working capital for their productive activities.

Legal advisors of Los Grobo Agropecuaria and Agrofina

Pérez Alati, Grondona, Benites & Arntsen: team led by partner Santiago Daireaux, with the participation of associates Tomás Fernández Madero and Guido O. Meirovich.

Read article published in Abogados.com.ar

Read article published in Lex Latin

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.