Sumitomo grants USD 50 million loan to Grupo Argos


Grupo Argos S.A., one of Colombia’s largest conglomerates, obtained USD 50 million as a revolving loan from Sumitomo Mitsui Banking Corporation -SMBC-.

This loan was accompanied by a variable currency swap regulated by an ISDA Master Agreement with Goldman Sachs.

In both transactions (the SMBC loan and the ISDA Master Agreement), Argos was represented by Mendoza Abogados and its in-house legal team. SMBC was advised by Posse Herrera Ruiz.

Source: LexLatin

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