Province of La Rioja’s Debt Securities Issuance for U$S 200 million aggregate principal amount
Argentine law counsel to the initial purchaser and the local placement agents in the issuance of U$S 200 million aggregate principal amount of 9.750% notes due 2025 (the “Notes”). The Notes were offered and sold in transactions exempt from registration in reliance upon Rule 144A and Regulation S of the United States Securities Act of 1933, as amended, and were admitted to listing in Mercado de Valores de Buenos Aires S.A. and to be traded in Mercado Abierto Electrónico S.A. Also, the Notes are expected to be admitted to listing in the Euro MTF Markets.
UBS Securities LLC acted as initial purchaser in connection with the issuance of the Notes. Banco Voii S.A. and Puente Hnos. S.A. acted as local placement agents. The Bank of New York Mellon acted as trustee, paying agent and transfer agent. The Bank of New York Mellon (Luxembourg) S.A. acted as Luxembourg listing agent, paying agent and Luxembourg transfer agent.
Sale of ODS Group
The firm advised in the sale of 100% of the capital stock of ODS Group. The transaction involved the indirect transfer of 25 companies in 7 jurisdictions including Argentina, Brazil, Chile, Colombia, Spain, Dominican Republic, Paraguay and Uruguay. ODS Group stood out as one of the strongest conglomerates in the construction and real estate industry in Argentina, with projects throughout Brazil, Dominican Republic, Paraguay and Uruguay. The main activity of ODS Group is the development of construction projects throughout its different business units: civil, electromechanical, architectural and real estate.
“Consumo Vida Serie VII” Financial Trust for AR$ 78,000,000
Deal counsel in the issuance and placement in Argentina of trust securities for AR $ 78,000,000 issued under the “Consumo Vida Serie VII” Financial Trust, in which Banco de Servicios y Transacciones S.A. acted as trustee, organizer and placement agent, Cooperativa de Crédito, Consumo y Servicios Sociales La Plata Ltda. as trustor and BACS Banco de Crédito y Securitización S.A. as placement agent.
Banco Interfinanzas S.A.'s acquisition
Legal counsel to Angelo and Fabio Calcaterra and partners in the purchase of 100% of Banco Interfinanzas S.A., a local financial entity subject to surveillance by the Argentine Central Bank.
Province of Córdoba’s Notes Issuance for U$S 510,000,000
Legal counsel to Province of Córdoba, as the Issuer, and Banco de la Provincia de Córdoba S.A., as arranger, placement agent and financial agent, in the issuance of the Province of Córdoba’s U$S 510,000,000 Notes under Rule 144A (according the US Securities Act), under the U$S 550,000,000 Notes Program. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as Joint Book-Running Managers. Under the Indenture, Deutsche Bank Trust Company Americas acted as Trustee, Registrar, Principal Paying Agent and Transfer Agent, Deutsche Bank Luxembourg S.A., as the Luxembourg paying agent, transfer agent and listing agent.The new money acquired from the sale of the notes was used to the financing of infrastructure projects, other than those related to the trunk pipelines system that have their own independent financing and are under construction.