Post by A&O Shearman

We advised a group of commercial bank lenders on two multilateral-backed loan facilities totaling US3.2 billion to the Republic of Argentina. The first facility, totaling USD2 billion, is guaranteed by the World Bank’s International Bank for Reconstruction and Development (IBRD) and the Multilateral Investment Guarantee Agency (MIGA). The second facility, totaling USD 1.2 billion, is partially guaranteed by the Inter-American Development Bank. “The transactions represent a significant milestone in Argentina's efforts to secure multilateral-backed financing,” said partner, Alejandro Gordano. “Furthermore, it reflects the confidence of international lenders and multilateral institutions in the country's economic trajectory.” Our team was led by partners Augusto Ruiloba, Alejandro A. Gordano and associate Sarah Ludwick , with support from partners Christopher Ryan, Martina Stegmaier, Paula Howell Anderson, Ken Rivlin and Lorenz Haselberger. Read more: https://ow.ly/KiZU50ZnbbA #AOShearman #ProjectFinance #Banking