Beccar Varela Advises Banco de la Ciudad de Buenos Aires and Others on Guaranteed Financing to a Local Vehicle Company Regarding a Project Worth US$38 million.
August, 2018 - Buenos Aires, Argentina
Buenos Aires, August 14th, 2018. Beccar Varela rendered legal advice to Banco de la Ciudad de Buenos Aires, acting as administrative agent and lender; to Banco de Inversión y Comercio Exterior, to Banco de la Provincia de Buenos Aires, to Banco Comafi and to Banco Mariva, as lenders; and to Fiduciaria Internacional Argentina, as guarantee agent, on the granting to Buenos Aires Arena of a secured financing worth approximately US$15 million, for the construction and operation of a multi-purpose indoor arena in Buenos Aires' Villa Crespo neighborhood.
The construction of the arena will provide a catalyst to Villa Crespo's development, attracting consumers to the neighborhood's gastronomic circuit. In addition, it will provide the city with an arena with distinctive characteristics to any other of the same type, with the capacity to host a variety of premium events under international quality standards.
Counsel to the administrative agent in particular, to the lenders in general, and to the guarantor Beccar Varela: partner Javier L. Magnasco, senior associate Felipe Luis María Videla and associate Tomás D'Odorico.
Counsel to borrower: M&M Bomchil: partner Adriín Furman, associate Francisco Zappa, counsel Paula Beveraggi and associate Esteban Ebrecht.
