log in
All Press Releases | Back

Press Releases

Beccar Varela 

August, 2019 - Buenos Aires, Argentina

 

 

Oilstone Energía obtains syndicated loan worth US$12 million.

 

Buenos Aires, August 5th, 2019. Banco Santander Río S.A., acting as lender, arranger, and administrative agent; together with Banco de la Ciudad de Buenos Aires, acting as lender, arranger, and collateral agent; and BBVA Banco Francés S.A., acting as lender and arranger, granted a loan to Oilstone Energía S.A. worth US$12 million. The deal 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, including the acquisition of 100% of the rights over the areas identified as Sur de la Dorsal, Anticlinal Campamento, Dos Hermanas y Ojo del Agua, including exploitation titles for those concessions, titles for inventories, oil wells and facilities, current contracts, licenses and permits, with a view to increasing the production in the energy sector in the province of Neuquén.

Counsel to the lenders

Beccar Varela: team led by partner Maximiliano D’Auro, with the participation of associates Gonzalo J. Ochoa, Lucía Degano, Andrés Schreiber and Belén M. Astelarra.


 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2019