Aluar Aluminio Argentino secured a $56 Million Credit facility from EKF Denmark’s export credit agency. Citibank Europe, UK Branch acted as facility agent, and Citibank acted as collateral agent on the transaction.

Proceeds will be used to finance the third phase ofEl Llano 60MW Wind Farm Project.

Mitrani Caballero & Ruiz Moreno, Clifford Chance, Bruchou, Fernández Madero & Lombardi and Alston & Bird advised on the transaction

Aluar Aluminio Argentino produces, markets, and distributes aluminum and aluminum products for industrial uses. The company, led by Javier Santiago Madanes Quintanilla, Daniel Friedenthal and Gregorio Krauchik, in 2017 recorded $1.256 billion revenues.