Santander Río and Banco de la Ciudad de Buenos Aires grant a syndicated loan worth US$11 million to Oilstone Energía
June, 2017 - Buenos Aires, Argentina
June 9th, 2017. Banco Santander Río S.A., acting as lender, arranger and administrative agent, and Banco de la Ciudad de Buenos Aires, acting as lender and arranger, granted a syndicated loan worth U$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.
