Displaying items by tag: JP Morgan Chase & Co

Argentina: Camargo Correa Group’s auctioneer JP Morgan will receive offers from bidders for Loma Negra later in February 2024. The La Nación newspaper has reported that Loma Negra may attract a price of over US$700m. Private investors Marcelo Mindlin and Daniel Sielecki will bid together, against anticipated corporate bidders from Brazil and China. Mindlin and Sielecki are joint owners of utilities provider Transportadora Gas del Sur.

US: Argos USA has obtained a US$750m loan for the financing of its working capital and capital expenditure and refinancing of its debt. The loan is linked to environmental, social and governance (ESG) metrics. Bank of Nova Scotia, BNP Paribas, JP Morgan Chase Bank, SMBC and Bank of New York Mellon lent the funds, assisted by Cuatrecasas.

Parent company Cementos Argos said "With this credit agreement, around 44% of Cementos Argos' consolidated debt will be linked to ESG indicators, bringing it closer to the 50% target for 2022 previously announced to the market, and thus reaffirming the company's commitment to meeting ambitious goals in terms of sustainable growth."