PAGBAM advises on refinancing of Grimoldi’s bank debt
Pérez Alati, Grondona, Benites & Arntsen assisted a syndicate of 11 banks in the refinancing of Grimoldi’s bank debt
Perez Alati, Grondona, Benites & Arntsen has advised Banco Santander Río S.A., Banco Comafi S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Macro S.A., Banco BBVA Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco de la Nación Argentina, Banco de la Provincia de Buenos Aires, Banco Supervielle S.A., HSBC Bank Argentina S.A. and Industrial and Commercial Bank of China (Argentina) S.A. as lenders, in the refinancing of financial liabilities of Grimoldi S.A., for a total amount of $ 912,296,049.
This transaction was carried out through a Refinancing Agreement, in two tranches, one secured by pre-existing collateral and another tranche secured by the granting of mortgages on certain real estate owned by Grimoldi in the Province of Buenos Aires. In addition, it included the granting of 2 new loans granted by Banco Macro S.A. and Banco de la Ciudad de Buenos Aires, which will be destined to the integration of working capital to be applied to the industrial activity developed in the Province of Buenos Aires.
Grimoldi, founded in 1895, is a leading Argentinean company in the manufacture and sale of footwear.
PAGBAM’s team was led by partner Diego Serrano Redonnet (pictured left), assisted by counsel Danilo Parodi Logioco (pictured right) and associates Nicolás Aberastury, Guido Olaf Meirovich and Adriana Tucci.
