IFC grants a loan to Telecom Argentina
Becker Glynn represents International Finance Corporation in connection with Telecom Argentina Financing
International Finance Corporation (IFC), a member of the World Bank Group, agreed to provide a loan for up to US$450 million to Telecom Argentina S.A., one of the leading telecommunications companies in Argentina. The financing package includes US$110 million from IFC, with additional funding to be mobilized by IFC from international banks.
Becker, Glynn, Muffly, Chassin & Hosinski LLP acted as international transaction counsel to IFC for this financing, having previously worked with IFC on a 2016 financing of a Telecom Argentina subsidiary. The Becker Glynn team was led by partner Peter Hosinski, with primary assistance from associate Andres Sardi. Partner Rachel Wasserman, counsel Kenneth Stuart, and foreign associate Helena Romero also offered assistance to the team.