Mastellone refinances loan with Rabobank

Mastellone refinances loan with Rabobank

Loans Argentina Debt

Argentina’s Mastellone Hermanos, owner of the dairy company La Serenísima, said it has refinanced a $50 million loan it took out last year with Rabobank, gaining it more time to pay back and altering the interest rate. The company said it will continue to pay the loan at fixed rate of 7.5% interest until September 23, 2023, after which the rate will be variable and based on the secured overnight funding rate, or SOFR, plus a margin of 655 basis points. The refinanced portion of the loan — $44.1

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