Medanito faces pressure to pay back loan

Medanito faces pressure to pay back loan

Debt Corporate & Sovereign Strategy Loans M&A Electricity Gas Argentina Latin America Coronavirus

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

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