A&O Shearman advises on USD3.2 billion Argentina financings

A&O Shearman advised the lenders, a group of commercial banks, in connection with two multilateral-backed loan facilities totalling USD3.2 billion extended to the Republic of Argentina. 

The first facility, in the amount of 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, in the amount of USD1.2 billion, is partially guaranteed by the Inter-American Development Bank (IDB). 

"The transactions represent a significant milestone in Argentina’s efforts to secure multilateral-backed financing. Furthermore, it reflects the confidence of international lenders and multilateral institutions in the country’s economic trajectory," said Alejandro Gordano, partner at A&O Shearman.

The A&O Shearman team was led by partners Augusto Ruiloba, Banking, New York, and Alejandro Gordano, Capital Markets, New York, together with associate Sarah Ludwick, Banking, New York.

The team also included partners Christopher Ryan, Litigation, Washington, D.C.; Martina Stegmaier, Capital Markets, Frankfurt; Paula Anderson, Litigation, New York; Ken Rivlin, Corporate, New York; and Lorenz Haselberger, Tax, New York.

Counsels Florent Bonnard, Banking, Frankfurt; Anna Stockamore, Litigation, Washington, D.C.; and Katrina Limond, Litigation, London, also participated.

The team further included associates Ana Gabriela Martinez Kruyff and Kayla O’Brien, both Banking, New York; Arthur Tan, Litigation, London; Daniel Kachmar, Tax, Washington, D.C.; Brendan Holman, Corporate, New York; and Sabriyah Saeed, Litigation, London.

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