Legal advice in the consent solicitation of Generación Mediterránea S.A. and Central Térmica Roca S.A. relating their Series II Senior Secured Notes
Counsel to Generación Mediterránea S.A y Central Térmica Roca S.A., companies of the Albanesi Group, in the consent solicitation relating their U.S.$ 80,000,000 aggregate principal amount of Series II Senior Secured Notes due 2023.
Province of Chubut’s Series LX Treasury Notes Issuance for AR$ 302,871,153
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LX Treasury Notes (the “Treasury Notes Series LX”). The Treasury Notes Series LX are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued for AR$ 302,871,153, fixed annual nominal rate equivalent to 38.00%, due on February 18, 2021.
Legal Advice in the Issuance of Notes of Albanesi Group for US$43,801,193
Counsel to Generación Mediterránea S.A. issuance of Class XIII Notes for US$13,076,765 due February 16, 2024 issued in exchange of 66.37% of its outstanding Class X Notes due February 16, 2021, under its Global Notes Program for an amount of up to US$100,000,000.
Counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A. in the co-issuance of Class IV Notes for US$16,354,944 due April 11, 2022 issued in exchange of 69.39% of their Class III Notes due April 11, 2021, and in the co-issuance by Generación Mediterránea S.A. and Central Térmica Roca S.A. of new Class V Notes for US$14,369,484 due November 27, 2022. Class IV Notes and Class V Notes were issued under the Global Notes Program for an amount of up to US$700,000,000.
The Class XIII Notes, Class IV Notes and Class V Notes are guarantee by Albanesi S.A.
SBS Capital S.A. acted as arranger agent, and SBS Trading S.A., Banco de Servicios y Transacciones S.A. and Banco de la Provincia de Buenos Aires acted as placement agents of Class XIII Notes and Class IV Notes.
SBS Capital S.A. acted as arranger agent, and SBS Trading S.A., Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A., Allaria Ledesma & Cia S.A., Adcap Securities Argentina S.A. and TPCG Valores S.A.U. acted as placement agents of the Class V Notes.
“RG Albanesi Serie XI” Financial Trust for U$S 13,000,000
Legal Advisors of the trustor Rafael G. Albanesi S.A. in the creation of the Financial Trusts Global Program “RG ALBANESI II” for an amount of up to U$S 100,000,000 (or the equivalent in other currencies) and in the issuance and placement in Argentina of U$S 13,000,000 “RG ALBANESI SERIES XI” Trust Securities, under the mentioned Programme. TMF Trust Company (Argentina) S.A. acted as trustee, Banco de Servicios y Transacciones S.A. acted as arrenger and placement agent; SBS Capital S.A. acted as arranger; and SBS Trading S.A., BACS Banco de Crédito and Securitización S.A. Banco Supervielle S.A., Banco de la Provincia de Buenos Aires, Balanz Capital Valores S.A.U., Macro Securities S.A. and Allaria Ledesma & Cía. S.A. acted as arrengers and placement agents.
Province of Chubut’s Series LIX Class 1 and Class 2 Treasury Notes Issuance for AR$ 644,266,000
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LIX Treasury Notes (the “Treasury Notes Series LIX”). The Treasury Notes Series LIX are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued in two classes amounting to AR$ 644,266,000. Class 1 has a fixed annual nominal rate equivalent to 37.50% and is due on December 18, 2020. Class 2 has a fixed annual nominal rate equivalent to 39.70% and is due on November 18, 2021.
Province of Chubut’s Series LVIII Class 1 and Class 2 Treasury Notes Issuance for AR$ 392,718,500
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LVIII Treasury Notes (the “Treasury Notes Series LVIII”). The Treasury Notes Series LVIII are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued in two classes amounting to AR$ 392,718,500. Class 1 has a fixed annual nominal rate equivalent to 34.50% and is due on November 20, 2020. Class 2 has a fixed annual nominal rate equivalent to 35.75% and is due on January 20, 2021.
Municipality of Cordoba’s Series XL Treasury Notes Issuance for AR$600,000,000
Legal counsel to the Municipality of Cordoba’s, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., AdCap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A. and SBS Trading S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XL Treasury Notes (the “Treasury Notes Series XL”), under the Municipality of Cordoba’s Treasury Notes Issuance Programme (the “Programme”). The transaction closed on October 2, 2020 and the payments due under the Treasury Notes Series XL are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XL were issued for AR$600,000,000 at an annual floating interest rate equivalent to Badlar plus 4.60%, due on June 29, 2021.
Province of Chubut’s Series LVI Treasury Notes Issuance for AR$ 176,363,700
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LVI Treasury Notes (the “Treasury Notes Series LVI”). The Treasury Notes Series LVI are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued for AR$ 176,363,700 fixed annual nominal rate equivalent to 34%, and is due on October, 23 2020.
Municipality of Cordoba’s Series XXXIX Treasury Notes Issuance for AR$600,000,000
Legal counsel to the Municipality of Córdoba, as issuer, Banco de la Provincia de Córdoba S.A., as arranger and placement agent, and to Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., AdCap Securities Argentina S.A., Banco de la Ciudad de Buenos Aires, Banco Hipotecario S.A. and SBS Trading S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XXXIX Treasury Notes, under the Municipality of Cordoba’s Treasury Notes Issuance Programme. The transaction closed on September 3, 2020 and the payments due under the Treasury Notes Series XXXIX are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XXXIX were issued for AR$600,000,000 at an annual floating interest rate equivalent to Badlar plus 4.47%, due on March 2, 2021.
Province of Chubut’s Series LII Treasury Notes Issuance for AR$ 175,100,000
Legal counsel to Puente Hnos. S.A., as placement agent in the issuance of Province of Chubut’s Series LII Treasury Notes. The Treasury Notes Series LII are secured by certain rights of the Province of Chubut to receive amounts under the federal tax co-participation regime and were issued for AR$ 175,100,000 fixed annual nominal rate equivalent to 34%, and is due on September, 28 2020.