PAGBAM represents CDB in $2b credit facility
PAGBAM has assisted China Development Bank in a credit line with the Republic of Argentina for the Belgrano Cargas Railway rehabilitation project
Pérez Alati, Grondona, Benites & Arntsen has represented China Development Bank on the Third Amendment to the Credit Facility Agreement entered into by such entity with the Argentine Republic and Industrial and Commercial Bank of China Limited (ICBC) on 25 June 2012 and amended on 18 July 2014, for an amount of $ 2,099,965,834 US dollars in order to extend the period of availability of the funds from the Credit Agreement.
The transaction was entered into on 10 January 2022 for the purpose, on the part of the Argentine Republic, of continuing the works within the framework of the Belgrano Cargas Railway rehabilitation project.
Heng Law Offices, through its Beijing office, advised CDB in China.
China Development Bank operates as a development finance institution. It is considered one of the largest development finance institutions in the world and the largest Chinese bank for foreign investment and financial cooperation.
Heng Law Offices’ team consisted of partners Lily Li and Kai Xue, together with associates Zhang Xu, Krystal Wangaca and Guo Yun.
PAGBAM’s team included partners María Gabriela Grigioni (pictured left), Nicole Jaureguiberry (pictured centre) and Lautaro Damián Ferro (pictured right), counsel Facundo Fernandez Santos, and associates Nahuel Perez de Villarreal, Ángeles Ray and Jerónimo Juan Argonz.
