Argos opens door to new loans

Argos opens door to new loans

Corporate & Sovereign Strategy Debt Loans Andean South America Latin America Colombia Project & Infrastructure Finance Energy International Financial Institutions

Colombian cement and energy conglomerate Grupo Argos said it received approval from the board of directors to seek loans in pesos and US dollars to refinance existing debt. Medellín-based Argos can take out loans from local banks of up to COP700 billion ($155 million) each. It can also seek loans of up to $100 million each from foreign lenders, it said in a securities filing. Directors approved loan terms of up to five years and authorized the company to provide the necessary loan guarantees, Ar

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