We advised Bladex, Inc. in connection with an international loan granted to San Benito Upstream S.A.U. for an amount of up to US$150 million

New Deal - July 06, 2026

Martínez de Hoz & Rueda advised San Benito Upstream S.A.U. (“SBU”), a company engaged in oil production in Argentina, and Bruchou & Funes de Rioja advised Bladex, Inc.—New York Agency, in connection with the extension of a cross-border credit facility of up to US$150 million.

The proceeds of the credit facility will be used by SBU to pay the remaining purchase price related to the acquisition of certain hydrocarbon assets in Argentina.

The transaction closed on June 26, 2026.

Legal counsel to SBU:

In-house legal team: Gustavo Hours and Eduardo Arzeno.

Martínez de Hoz & Rueda: Partners José Martínez de Hoz (grandson), Pablo Schreiber, and Juan Cruz Azzarri.

Legal counsel to Bladex, Inc.—New York Agency:

Bruchou & Funes de Rioja: Partner Leandro Belusci and associate Cecilia Calosso.

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