Marval advises 360 Energy on $40M syndicated loan
Marval, O’Farrell & Mairal advised 360 Energy in obtaining a $40 million loan from a bank syndicate led by Banco Hipotecario in Argentina.
360 Energy is an Argentinean company which builds, and operates solar energy projects. The loan will be granted to three of the company’s subsidiaries which will use the proceeds in the context of the RenovAr Program (Rounds 1.5 and 2) for the development of the solar parks Saujil, Tinogasta I, Tinogasta II and Fiambalá in the Province of Catamarca.
Banco Hipotecario acted as administrative agent and lead arranger. The bank syndicate also included Banco de la Ciudad de Buenos Aires, Banco de la Nación Argentina, BACS Banco de Crédito y Securitización and Banco de Inversión y Comercio Interior.
Partner Gabriel G. Matarasso led the Marval team advising 360 Energy.
The banks instructed Salaverri, Burgio, Wetzler Malbrán, with partner Roberto Lizondo on a lead role.
