TRADE FINANCING: Vicentin $100m pre-export financing
Securing term financing can be tough for Argentine companies. Agricultural exporter Vicentin worked out a solution
Argentina’s difficult economic climate makes it
tough for companies to structure deals. International
transactions are rare. But an A/B loan led by the Netherlands
Development Finance Company (FMO) and Crédit Agricole
funneled funds to a family-held oilseed and by-products
processor that wanted to extend its maturity profile.
Vicentin’s $100 million, three-year A/B loan
signed in September comprises a five-year, $25 million
'A’ loan from Dutch multilateral FMO and a $75
million, three-year 'B’ loan...
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