Medanito holds off default again

Medanito holds off default again

Loans Debt Corporate & Sovereign Strategy Energy Gas Argentina

Argentina's Medanito said it has extended a stand-by agreement on an $80 million loan, staving off default yet again after the first repayment came due in January this year. The Buenos Aires-based oil and gas company came to terms to refinance the loan in March this year, but it has not yet signed an agreement. It received the 2.5-year syndicated loan, led by Credit Suisse, in October 2017. The other lenders were Banco Ciudad, HSBC, Itaú and the local development bank BICE. In the refinancing ag

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