Grupo Los Grobo’s $120 Million Syndicated Loan


Beccar Varela, Perez Alati, Grondona, Benites & Arntsen and Marval, O’Farrell & Mairal advised on the deal

Los Grobo Agropecuaria – operating as subsidiary of Grupo Los Grobo – secured a $70 million syndicated loan from Banco de Galicia y de Buenos Aires, Banco Supervielle, HSBC Bank Argentina, Banco Hipotecario, Banco Itaú Argentina and Banco de la Provincia de Buenos Aires.

In a second transaction, Agrofina – operating as subsidiary of Grupo Los Grobo – secured a $50 million syndicated loan from Banco de Galicia y de Buenos Aires, Banco Santander Río, Banco Supervielle, HSBC Bank Argentina, Banco Hipotecario and Banco Itaú Argentina

TMF Trust Company (Argentina) acted a fiduciary agent on both transactions.

Perez Alati, Grondona, Benites & Arntsen advised Agrofina and Los Grobo Agropecuaria with Santiago Daireaux (Picture) Tomás Fernández Madero and Guido Meirovich.

Beccar Varela advised the banks on the two transactions with Maximiliano D’Auro, Lucía Degano, Carolina Serra, Gonzalo J. Ochoa and Belén María Astelarra.

Marval, O’Farrell & Mairal advised TMF Trust Company (Argentina) with Roberto E. Silva (h) and Martín I. Lanús.

Involved fees earner: Belén María Astelarra – Beccar Varela; Maximiliano D’Auro – Beccar Varela; Lucía Degano – Beccar Varela; Gonzalo Ochoa – Beccar Varela; Carolina Serra – Beccar Varela; Martín Lanús – Marval, O’Farrell & Mairal; Roberto Silva (h) – Marval, O’Farrell & Mairal; Santiago Daireaux – Pérez Alati, Grondona, Benites & Arntsen; Tomás Fernández Madero – Pérez Alati, Grondona, Benites & Arntsen; Guido Meirovich – Pérez Alati, Grondona, Benites & Arntsen;

Law Firms: Beccar Varela; Marval, O’Farrell & Mairal; Pérez Alati, Grondona, Benites & Arntsen;

Clients: Agrofina S.A. ; Banco de Galicia y Buenos Aires S.A.; Banco de la Provincia de Buenos Aires; Banco Hipotecario S.A.; Banco Itaú Argentina S.A.; Banco Santander Río S.A.; Banco Supervielle S.A. ; HSBC Bank Argentina S.A.; Los Grobo Agropecuaria S.A. ; TMF Trust Company;

Author: Ambrogio Visconti.