Legal Advice in Petrolera Aconcagua Energía S.A.’s Third PyME CNV Notes Issuance
Counsel to Petrolera Aconcagua Energía S.A. issuance of Class V PYME CNV Notes for U$S 5,948,315 under the Globe Program of PYME CNV Notes for an amount of up to $ 1,500,000,000.
Class V Notes were issued for the purpose of carrying out investments in assets located in Argentina, including investments in production infrastructure and oil and gas developments.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Banco Mariva S.A., SBS Trading S.A., Consultatio Investments S.A., Allaria Ledesma & Cía. S.A., and AdCap Securities Argentina S.A. acted as placement agents.
Legal Advice in the Issuance of Notes of CT Barragán S.A. for US$96,000,000
Counsel to Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. as arrangers and placement agents, and also to Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A., Negocios Financieros y Bursátiles S.A., AR Partners S.A., BNP Paribas Sucursal Buenos Aires, Banco Patagonia S.A., TPCG Valores S.A.U. and Macro Securities S.A. as placement agents, in the issuance of CT Barragán S.A.’s 0% Series 4 Notes for US$96,000,000 due November 26, 2024. The Series 4 Notes were issued on November 26, 2021 under the Global Notes Program for an amount of up to US$200,000,000. The Serie 4 Notes have a personal guarantee, subject to a resolutory condition granted by YPF S.A. and Pampa Energía S.A.
Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. acted as arranger and placement agents, and Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A., Negocios Financieros y Bursátiles S.A., AR Partners S.A., BNP Paribas Sucursal Buenos Aires, Banco Patagonia S.A., TPCG Valores S.A.U. and Macro Securities S.A. as placement agents of Series 4 Notes. Banco de Galicia y Buenos Aires S.A.U. also acted as Settlement Agent for Series 4 Notes.
Legal Advice in Automotores Pampeanos S.A.’s First PyME CNV Notes Issuance
Counsel to Automotores Pampeanos S.A. in the issuance of Class I PYME CNV Notes for $ 70,000,000 under the Global Program of PYME CNV Notes for an amount of up to $ 900,000,000.
The Notes were issued to build a new Volkswagen dealership in the city of General Pico, La Pampa province.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent of the Notes.
Legal Advice in the Issuance of Notes of Albanesi Group for US$83,227,057
Counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A. in the co-issuance of 6% Class XI Notes for US$38,654,809 due November 12, 2024 and of 4.6% Class XII Notes for 48.161.545 UVAs (Unidades de Valor Adquisitivo) due November 12, 2024. Class XI Notes and Class XII Notes were issued under the Global Notes Program for an amount of up to US$700,000,000. A portion of Class XI Notes were issued in exchange of Class V Notes; Class VII Notes; and Class VIII Notes, and a portion of Class XII Notes were issued in exchange of Class VIII Notes.
SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as arrangers, and SBS Trading S.A., Banco de Servicios y Transacciones S.A., Facimex Valores S.A., Banco Hipotecario S.A., Balanz Capital Valores S.A.U., Sociedad de Bolsa Centaurus S.A., AdCap Securities Argentina S.A., BACS Banco de Crédito y Securitización S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A., Allaria Ledesma & Cía. S.A. and Banco Supervielle S.A. acted as placement agents of Class XI Notes and Class XII Notes.
Issuance of PyME CNV Guaranteed Series I Notes of Agrofin Agrocommodities S.A. for US$1,000,000
Counsel to Agrofin Agrocommodities S.A. in the issuance of the PyME CNV Guaranteed Series I dollar linked Notes for US$1,000,000 with an interest rate of 0,75% due on April 6, 2023.
Banco Supervielle S.A., acted as arranger, placement and security agent of Series I Notes.
Futuros del Sur S.A., acted as placement agent of Series I Notes.
Legal counsel in the successful restructuring of the Province of La Rioja’s notes issued under foreign law for USD 300,000,000
Counsel of BofA Securities, Inc. as consent solicitation agent in the restructuring notes issued by the Province of La Rioja in the international capital markets for the principal amount of USD 300,000,000 at a rate of 9.750% due in 2025. The Province received the consent from holders representing 98.61% of the notes’ outstanding principal amount to implement certain amendments to its terms, thus reaching the highest acceptance rate for sovereign restructurings. As a result of the successful consent solicitation, the indenture governing the notes was amended to extend the notes’ maturity date, modify the interest rate and the amortization schedule of the notes, among other amendments.
Legal Counsel to Santista Têxtil Ltda. in the sale of a minority stake in Santista Argentina S.A.
We advised the Brazilian manufacturer Santista Têxtil Ltda. in the the sale of a minority stake in its local subsidiary, Santista Argentina S.A., to businessmen Carlos and José Muia. Transaction was closed on August 5, 2021.
Santista Têxtil Ltda. is a company that leads the Latin American market, owner of Santista Argentina S.A., with more than 95 years of presence in the country, developing two business units: Santista Jeanswear, leader in the production of differentiated denim and Kolor, and Santista Workwear, leader in the production and sale of fabrics for workwear with its OMBU/Grafa70 brands and its “Garantía Total” system.
Legal Advice in the Issuance of Notes of Molinos Agro S.A. for US$70,000,000
Counsel to Molinos Agro S.A. in the issuance of 1.00% Class III Notes for US$33,539,700 due September 3, 2023 and 2.49% Class IV Notes for US$36,460,300 due September 3, 2024, both classes were issued under the Global Notes Program for an amount of up to US$150,000,000.
Banco Santander Río S.A., Banco De Galicia y Buenos Aires S.A.U. and Industrial and Commercial Bank of China (Argentina) S.A.U. acted as arranger and placement agents of Class III and Class IV Notes.
Legal Advice in the Issuance of Series IX Notes of MSU S.A. for US$ 15,000,000
Counsel to Balanz Capital Valores S.A.U., Banco Galicia y Buenos Aires S.A.U., Banco Supervielle S.A., Banco de la Provincia de Buenos Aires, and Puente Hnos. S.A. as arrangers and placement agents, in the issuance of MSU S.A.’s 4% Series IX Notes for US$ 15,000,000 issued on August 24, 2021 and due July 24, 2023 under its US$ 50,000,000 Global Notes Program.
Balanz Capital Valores S.A.U., Banco Galicia y Buenos Aires S.A.U., Banco Supervielle S.A., Banco de la Provincia de Buenos Aires, and Puente Hnos. S.A. acted as arrangers and placement agents. Banco Galicia y Buenos Aires S.A.U. also acted as Settlement Agent for the Series IX Notes.
Legal Advice in the Issuance of Additional Notes of CT Barragán S.A. for US$15,618,641 Additional Series 1 and 27,909,579 UVAs in Additional Series 2
Counsel to Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. as arrangers and placement agents, and also to Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A. and TPCG Valores S.A.U. as placement agents, in the issuance of CT Barragán S.A.’s 4% Additional Series 1 Notes for US$15,618,641 due June 4, 2023 and of 4% Additional Series 2 Notes for 27,909,579 UVAs (Unidades de Valor Adquisitivo) due June 4, 2024.
The Additional Notes are additional to the Series 1 Notes and Series 2 Notes issued on June 4, 2021, and all of them have a personal guarantee, subject to a precedent and resolutory condition granted by YPF S.A. and Pampa Energía S.A.
Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U. and HSBC Bank Argentina S.A. acted as arranger and placement agents, and Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de la Provincia de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Puente Hnos. S.A., Banco Mariva S.A., Industrial Valores S.A. and TPCG Valores S.A.U. as placement agents of Additional Series 1 Notes and Additional Series 2 Notes. Banco Santander Río S.A. also acted as Settlement Agent for both classes of Additional Notes.