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.
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