Argentine oil producer picks up $115 mln in an 18-month syndicated loan as it expands its business
LoansEnergyGasOilLatin AmericaSouth AmericaArgentina Argentine oil and natural gas producer Compañía General de Combustibles (CGC) said Monday that it has signed a contract to borrow up to $115 million in a syndicated loan, a move that comes after acquiring the local assets of China s Sinopec.
The 18-month loan is from ICBC, Santander, Citi, Banco Galicia, Itaú, Banco Macro and Banco de Valores, CGC said in a securities filing. Itaú is the hedge provider, and ICBC the administrative agent.
The loan will be paid back in two equal installments, the
$2 3bn Argentine firm launches offshore biz
citywireamericas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireamericas.com Daily Mail and Mail on Sunday newspapers.
News from the week beginning 12th July
enterprisetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enterprisetimes.co.uk Daily Mail and Mail on Sunday newspapers.