Cleary Gottlieb represented Cablevisión Holding S.A. (CVH), an affiliate of Grupo Clarín, Argentina’s largest media group, in its recent $750 million acquisition financing.
The financing was obtained in connection with the merger between CVH’s subsidiary Cablevisión S.A. and Telecom Argentina S.A., in which Cleary is also representing CVH.
A consortium of Argentine and international banks extended the financing to CVH in the form of an 18-month bridge loan. The proceeds of the loan will be applied primarily to increase CVH’s indirect equity interest in the merged company.