Pérez Alati and Beccar Varela in Financing to Puerto de Quequén.
March, 2019 - Buenos Aires, Argentina
Buenos Aires, 13 March 2019. Pérez Alati, Grondona, Benites & Arntsen and Beccar Varela participated as legal counsels in the structuring of a syndicated loan for up to US$32,200,000, granted by Banco Macro S.A. (Banco Macro) and Banco de Inversión y Comercio Exterior S.A. (BICE) to Consorcio de Gestión del Puerto de Quequén (the Consortium), responsible for the administration and development of the Quequén port area, the adjacent water areas and the main access channel to the port.
Consorcio de Gestión del Puerto de Quequén will use the loan funds to comply with the dredging work with a depth of fifty (50) feet and complementary works in the access channel and interior port in the Puerto de Quequén, whose works will be carried out by Jan de Nul, an international leading dredging company. It is the most significant work in the Puerto de Quequén since its creation in 1911; it will contribute to improve the country's export infrastructure.
The loan will be guaranteed by a fiduciary cession in guarantee of certain charges and port taxes and other charges from operational rights deriving from port activities.
The Consortium is a non-state public entity, created by Law No. 11,414 of the Province of Buenos Aires, sanctioned as a result of what is regulated by National Laws No. 23,696 (Reform of the State) and No. 24,093 (Port Activity), which ordered that port administrations should be carried out through non-state public entities, thus creating the Consorcio de Gestión del Puerto de Bahía Blanca and the Consorcio de Gestión del Puerto de Quequén.
Counsel to the banks
Pérez Alati, Grondona, Benites & Arntsen acted as counsel to the banks (team comprised of partners Diego Serrano Redonnet and Santiago Daireaux and associates Tomás Fernandez Madero, Danilo Parodi Logioco, Nicole Jaureguiberry, Nicolás Aberastury and Facundo Fernández Santos).
In-house counsels María José Van Morlegan and Rodrigo Alejandro Covello (Banco Macro) and Yamila A. Noriega (BICE).
Counsel to Consorcio de Gestión del Puerto de Quequén and Jan de Nul
Beccar Varela: team comprised of partners Miguel Silveyra and Javier L. Magnasco, senior associate Felipe Videla and associate Pablo Godoy.
