Patria, Eaton Vance Among Investors in Argentina Pipeline Loan

Asset managers Patria Investments Ltd. and Eaton Vance joined a group of about a dozen banks in financing a $3 billion oil pipeline project which is seen as pivotal for Argentina’s energy industry, people familiar with the matter said.

The syndicated loan agreement, signed almost two weeks ago, is the largest commercial facility for an infrastructure project in the history of the South American nation, according to a press release for the project titled Vaca Muerta Oil Sur, or VMOS. A list of 14 institutions, including international lenders like Citi, Deutsche Bank, Itaú, JP Morgan, and Santander, provided a total ...