Marval, O'Farrell & Mairal advises the banks on a syndicated loan in favor of Cartasur Cards S.A.

Marval, O'Farrell & Mairal advised Banco Mariva S.A., in its capacity as arranger, administrative agent and lender, Banco de la Ciudad de Buenos Aires, Banco Mariva S.A., Banco CMF S.A., Banco Meridian S.A., Banco de San Juan S.A., Banco Voii S.A., Banco de Servicios y Transacciones S.A., BACS Banco de Crédito y Securitización S.A., Banco Provincia de Neuquen S.A. and Banco de la Provincia de Córdoba S.A., performing as lenders, in a syndicated loan granted for an amount of ARS163,500,000 (equivalent to USD 9,206,081) to Cartasur Cards S.A., a company in the consumer loan and credit card business

The loan was secured through a security assignment of collection rights of Cartasur Cards S.A. resulting from certain personal loans. 

The disbursement was made on October 12, 2017.

Marval, O'Farrell & Mairal, with partner Juan M. Diehl Moreno and associates María Manuela Lava and Jacqueline Berkenstadt, acted as counsel to the deal.