On November 19, 2021 Los Grobo Agropecuaria S.A. ("Los Grobo") and Agrofina S.A. ("Agrofina" and together with Los Grobo, the "Companies"), signed an amendment to the loan agreement for the pre-financing of exports for the sum of US$50,000,000 executed on November 13, 2019 among the Companies as borrowers (the "Borrowers"), Promontoria Holding 318 B.V., in its capacity as lender, and TMF Trust Company (Argentina) S.A., in its capacity as an Onshore Collateral Agent, and not in its personal capacity (the "Loan Agreement") for the purpose of: (i) extending the maturity date under the Loan Agreement to December 28, 2025, (ii) extending the maturity date of accrued interest on the Loan Agreement to December 28, 2025, (iii) modifying the amortization schedule, (iv) modify the interest rates applicable to the Loan Agreement, and (v) establish a mechanism by virtue of which, after payment of the principal due under the Loan Agreement, the Borrowers, at their sole and exclusive discretion, may request additional disbursements under the revolving mechanism for an aggregate amount of up to U$S15.900,000 (fifteen million nine hundred thousand U.S. dollars) (the "Amendment to the Loan Agreement"). Both the Loan Agreement and the Amendment to the Loan Agreement are governed by New York State law.
PAGBAM, Marval O'Farrell Mairal and Linklaters LLP acted as legal advisors to the transaction, advising on the negotiation and drafting of the Amendment to the Loan Agreement.
Pérez Alati, Grondona, Benitez & Arntsen (PAGBAM) advised the Borrowers, with a team led by partner Santiago Daireaux, with the participation of associates Tomás Fernandez Madero and Nahuel Perez de Villareal.
Marval O'Farrell Mairal advised the lender and TMF Trust Company (Argentina) S.A.
with a team led by partner Sergio Talamo and associate Ezequiel Guerrero.
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