Marval acts for banks on Vision 101 loan
Argentinian law firm Marval, O’Farrell & Mairal has advised Banco Itaú Argentina and Banco Mariva on a syndicated loan for a total of 150 million pesos ($3.53 million) granted to Vision 101, the Argentinian company that owns retail chains Isadora and Todomoda in Argentina, Chile, Mexico and Peru.
The loan was guaranteed through a security assignment of collection rights resulting from sale operations in certain businesses made through credit and/or debit cards.
Banco Itaú Argentina acted as arranger, administrative agent, guarantee agent and lender; while Banco Mariva acted as lender.
Marval’s partner Juan M. Diehl Moreno (pictured) and associates Jacqueline Berkenstadt and Lucía Del Valle Lietti acted as legal advisers to the banks, which were assisted by their in-house counsel; Magalí Claramut and Natalia Montaldo at Banco Itaú Argentina, and María Eugenia Ataefe at Banco Mariva.
Luna Zarlenga & Asociados, acted as legal counsel to Vision 101, with its partner María Florencia Luna.
