News

12 March 2019

PAGBAM in sindicated loan to Ribeiro

Perez Alati, Grondona, Benites & Arntsen and Cueto Rúa, Mercau Saavedra & Biritos acted as legal advisors in the structuring of a syndicated loan for up to $230,000,000, granted by Banco Santander Río S.A. (“Santander Río S.A.”), BBVA Banco Francés S.A. (“BBVA Francés”), Banco de la Provincia de Córdoba S.A. ("BANCOR") and HSBC Bank Argentina S.A. (“HSBC” and together with Santander Río, BBVA Francés y BANCOR, the “Banks”) to Ribeiro S.A.C.I.F.A. e I. (“Ribeiro”), Argentine leading company in the marketing of household items, appliances and technology.

The loan is secured by a guarantee fiduciary assignment of certain payments and other collection rights derived from Ribeiro's sales operations in certain stores, and with the granting of mortgages on certain properties owned by Ribeiro.

Ribeiro is dedicated to the marketing and financing of various products in Argentina. It offers electronic products, home, furniture, home and car tools, bazaar, toys and beverages, as well as gift products. It also grants personal loans to its customers.

Perez Alati, Grondona, Benites & Arntsen acted as legal advisor of the Banks through its partner Diego Serrano Redonnet and its associates Nicolás Aberastury, Danilo Parodi Logioco and Guido Olaf Meirovich.

Read article published in Global Legal Chronicle

Read article in Abogados.com.ar

Read article 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.