Marval and Bomchil advise banks and Entre Ríos Crushing SA respectively in Refinancing Agreement for USD 13,240,000
Marval, O’Farrell & Mairal and Bomchil acted as legal advisors for a Refinancing Agreement for a total amount of USD 13, 240,000 entered into among Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Banco Francés S.A., Banco Comafi S.A., Banco CMF S.A. and Industrial and Commercial Bank of China (Argentina) S.A. and Entre Ríos Crushing S.A.
Banco de Galicia y Buenos Aires S.A.U. acted as arranger, administrative agent, guarantee agent; and lender and Banco Santander Río S.A., Banco Francés S.A., Banco Comafi S.A., Banco CMF S.A. and Industrial and Commercial Bank of China (Argentina) S.A. acted as lenders.
The loan, signed on August 12, was secured with a mortgage over the industrial soybean oil plant located in the Industrial Park of Gualeguaychú, Province of Entre Ríos.
The refinancing was made effective on August 27, 2019.
The disbursed funds were used for the pre-financing of exports of goods that were produced in the industrial plant of Entre Ríos Crushing S.A.
Marval, O’Farrell & Mairal acted as legal advisor to the lenders, alongside their in-house counsel, with partner Roberto E. Silva, and associates Francisco Abeal and Magdalena Sarquis.
Bomchil acted as advisor to Entre Ríos Crushing S.A. with partner Adrián Furman and associates Francisco Zappa and María Victoria Genoni.