$11 Million Syndicated loan for Oilstone Energía S.A.

Estudio Beccar Varela has advised the lenders on the transaction

Banco Santander Río S.A., acting as lender, arranger and administrative agent, and Banco de la Ciudad de Buenos Aires, acting as lender and arranger, granted a syndicated loan worth U$S11 million to Oilstone Energía S.A.

In this transaction, Estudio Beccar Varela acted as counsel to the lenders. It involved the negotiation and drafting of a syndicated loan, and a security assignment of contractual rights.

The company will use proceeds from the facility to finance investment projects, working capital and asset acquisitions, in order to increase the energy sector production in the province of Neuquén.

Estudio Beccar Varela advised with Maximiliano D’Auro (Picture), Gonzalo J. Ochoa and Lucía Degano.

Involved fees earner: Maximiliano Nicolás D’Auro – Estudio Beccar Varela; Gonzalo Ochoa – Estudio Beccar Varela; Lucía Degano – Estudio Beccar Varela;

Law Firms: Estudio Beccar Varela;

Clients: Banco Santander Río S.A.; Banco Ciudad de Buenos Aires;


Author: Ambrogio Visconti.