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Argos borrows from SMBC

Argos borrows from SMBC

February 6, 2023 | John Quigley
Colombian energy and cement producer says the $50 mln loan gives it "financial flexibility" and does not increase net debt

Debt Loans Andean Latin America South America Colombia Energy

Colombian conglomerate Grupo Argos took out a four-year loan for COP233 billion ($49.5 million) from SMBC, according to a securities filing. The company said the bullet loan is designed to give it "financial flexibility" and does not increase its net debt. The filing did not include additional details. Medellín-based Argos said last week that it had permission from the board of directors to take out loans of up to $100 million each from foreign lenders and up to COP700 billion each from local ba

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