Garovaglio y Zorraquín unit Rheem refinances USD 9.48 million subordinated debt to 2028

Reuters2026/09/08 22:08

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Garovaglio y Zorraquín unit Rheem took a USD 1.56 million loan from Federico Zorraquín, due Oct. 6, 2026, at SOFR + 2%.
Proceeds used to repay the Senior Commercial Debt Restructuring Agreement; Rheem also paid USD 1.58 million interest on the subordinated facility.
Rheem refinanced the Subordinated Commercial Debt Restructuring Agreement for USD 9.48 million, extending maturity to Dec. 31, 2028.
Refinanced balance to accrue interest at Term SOFR + 0.85%, payable each June 30.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Garovaglio y Zorraquin SA published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Garovaglio y Zorraquín unit Rheem refinances USD 9.48 million subordinated debt to 2028

You may also like

Crypto prices