January 20, 2021 |
Argentina's Medanito said it has received a notification from Credit Suisse to pay an $80 million syndicated loan now in default in a letter that alleges that the energy company has breached the loan contract.
The bank has requested "immediate repayment of the amount owed plus interest and the corresponding costs" and asked for "more information" about its efforts to restructure its debt, including the loan, Medanito said in a securities filing on Monday.
Medanito took out the 2.5-year loan in O
Credit Suisse asks for information about repayment plans after Argentine company sells assets