August 9, 2019 |
Argentina's Grupo Los Grobo has secured up to $120m in loans to pay off debt with $70m for Los Grobo Agropecuaria and $50m for Agrofina, according to the legal advisers on the deal.
Six banks — Banco Galicia, Banco Hipotecario, Banco de la Provincia de Buenos Aires, HSBC, Itaú and Supervielle — provided a $44.4m loan to Los Grobo Agropecuaria that can be increased to $70m.
Four banks — Banco Galicia, HSBC, Santander and Supervielle — supplied a $37.9m loan to Agrofina that can be increased to $5
Argentine agribusiness receives $120m in fresh funds to pay off debt