Legal Advice in the Issuance of Loma Negra Compañía Industrial Argentina S.A.´s Series 5 Notes for US$ 112,878,134
Counsel to Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., Puente Hnos S.A., Allaria S.A., Invertir en Bolsa S.A., Petrini Valores S.A., Facimex Valores S.A., Cocos Capital S.A., Adcap Securities Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., PP Inversiones S.A., Option Securities S.A. y Banco CMF S.A. as placement agents, in the issuance of Loma Negra Compañia Industrial S.A.’s Series 5 Notes for U$S 112,878,134, denominated and payable in U$S at an 8% annual interest rate, due July 24, 2027. The Series 5 Notes were issued under the company´s global notes program for an amount of up to U$S500,000,000.
Banco de Galicia y Buenos Aires S.A., Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., Puente Hnos S.A., Allaria S.A., Invertir en Bolsa S.A., Petrini Valores S.A., Facimex Valores S.A., Cocos Capital S.A., Adcap Securities Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., PP Inversiones S.A., Option Securities S.A. y Banco CMF S.A. acted as placement agents of the Series 5 Notes. Banco de Galicia y Buenos Aires S.A. also acted as settlement agent for the Series 5 Notes.
Issuance of Public Debt Securities ER 2025 Series I and II by the Province of Entre Ríos for a total nominal value of ARS 75,110,000,000
Legal advisors to the transaction, assisting the Province of Entre Ríos (the “Province”) and Nuevo Banco de Entre Ríos S.A., in its capacity as organizer and lead placement agent in the issuance of the ER 2025 Series I and Series II Public Debt Securities (the “Debt Securities”). The Debt Securities were issued on July 17, 2024, and are secured by resources from the Federal Tax Sharing Regime, assigned to a maximum allocation percentage of 25%. The Debt Securities Series I were issued for a nominal value of ARS 32,465,000,000, at a fixed annual interest rate of 35.75%, maturing on July 17, 2026; whereas the Debt Securities Series II were issued for a nominal value of ARS 42,645,000,000, at a variable interest rate equivalent to the TAMAR rate plus a 5.50% margin, maturing on January 17, 2027.
Province of Chaco ’s Serie Bonds Issuance for AR$ 52,000,000,000 (approximately US$ 40.784.313,7)
Legal counsel to Puente Hnos. S.A. and Nuevo Chaco Bursátil S.A., as co-arrangers and co-placement agents, and Banco de la Nacion Argentina, Global Valores S.A., and Banco de Servicios y Transacciones, as sub-placement agents, in the issuance of Province of Chaco’s Serie 1 Bonds (the “Serie 1 Bonds”), under the Province of Chaco’s Treasury Bonds Issuance Program for up to US$ 90,000,000. The payments due under the Serie 1 Bonds are secured by a collateral assignment over rights of the Province of Chaco arising from the Federal Tax Regime (Regimen de Coparticipación Federal). The Serie 1 Bonds were issued in an aggregate principal amount of AR$ 52,000,000,000 equivalents to approximately US$ 40.784.313,7. Principal under the Serie 1 Bonds is adjusted by the Wholesale Interest Rate (TAMAR) applied to fixed-term deposits denominated in Argentine pesos plus a 5.5% interest rate. The Serie 1 Bonds are due on July 14, 2026, and are repaid. The proceeds of the Serie 1 Bonds will be used exclusively to repay the debt service obligations maturing in August and September 2025, corresponding to loans obtained in 2019 and 2021 from the Financial Fund for the Development of the Rio de la Plata (FONPLATA) and the international bond issued in 2016 and restructured in 2021. Any remaining balance will be allocated to cover subsequent maturities.
Province of Córdoba’s Debt Issue for US$ 725,000,000
Legal counsel to Province of Córdoba, as the issuer, and Banco de la Provincia de Córdoba S.A., as Argentine manager and placement agent, in the issuance of US$725 million worth of sovereign debt in an offering that settled on July 2, 2025. The Notes bear a 9.750% annual coupon and mature on July 2, 2032. The Province of Córdoba used a portion of the notes sale – US$362 million – to repurchase US$360,338,929 aggregate principal amount of its U.S Dollar Step-Up Notes due 2027. The remaining portion of the funds will be used for finance infrastructure projects and/or repay existing liabilities.
J.P. Morgan Securities LLC and Santander US Capital Markets LLC acted as global coordinators and joint book-running managers, Balanz Capital UK LLP acted as joint book-running manager, Banco de la Provincia de Córdoba S.A. acted as Argentine manager and placement agent, and Banco Santander Argentina S.A., Balanz Capital Valores S.A.U., Banco de Galicia y Buenos Aires S.A., Les Cinq Capital S.A., Puente Hnos. S.A., Facimex Valores S.A., Becerra Bursátil S.A. and S&C Inversiones S.A. acted as Argentine placement agents. Under the indenture, Deutsche Bank Trust Company Americas acted as trustee, registrar, principal paying agent and transfer agent.
Municipality of Río Cuarto’s Series XXXIX Treasury Notes Issuance for AR$2,100,000,000
Legal counsel to the Municipality of Rio Cuarto, as issuer, Banco de la Provincia de Córdoba S.A., and Puente Hnos. S.A., as arrangers and placement agents, and Banco de Galicia y Buenos Aires S.A., Adcap Securities Argentina S.A., Global Valores S.A., and Becerra Bursatil S.A., as placement agents in the issuance of Municipality of Río Cuarto’s Series XXXIX Treasury Notes (the “Treasury Notes”), under the Municipality of Río Cuarto’s Treasury Notes Issuance Programme. The transaction closed on June 23, 2025, and the Treasury Notes are secured by the Municipality's credits for contributions levied on commercial, industrial and service companies’ activities, and subsidiarily by the resources derived from the Federal Co-participation Regime. The Treasury Notes were issued for AR$ 2,100,000,000 at an annual floating interest rate equivalent to Tamar plus 7.00%, due on June 23, 2026.
Sidus S.A. obtains up to $12,000,000,000 loan
Counsel to Banco de Galicia y Buenos Aires S.A.U., as lender and security agent, in a $12,000,000,000 loan to SIDUS S.A., including a new money tranche and a refinancing tranche.
The loan is secured by a first-priority pledge over the shares of Sidus S.A. In addition, the new money tranche is secured by a mortgage on four real estate properties owned by Tresarg S.A. and the refinancing tranche is secured by two mortgages: a pre-existing mortgage on a real estate property owned by Sidus S.A. and a new mortgage on a real estate property owned by Tresarg S.A.
Municipality of Río Cuarto’s Series XXXVIII Treasury Notes Issuance for AR$2,900,000,000
Legal counsel to the Municipality of Rio Cuarto, as issuer, Banco de la Provincia de Córdoba S.A., and Puente Hnos. S.A., as arrangers and placement agents, and Banco de Galicia y Buenos Aires S.A.U., Adcap Securities Argentina S.A., Banco de Servicios y Transacciones S.A., Facimex Valores S.A., Banco Hipotecario S.A., and Balanz Capital Valores S.A.U., as placement agents in the issuance of Municipality of Río Cuarto’s Series XXXVIII Treasury Notes (the “Treasury Notes”), under the Municipality of Río Cuarto’s Treasury Notes Issuance Programme. The transaction closed on April24, 2025, and the Treasury Notes are secured by the Municipality's credits for contributions levied on commercial, industrial and service companies’ activities, and subsidiarily by the resources derived from the Federal Co-participation Regime. The Treasury Notes were issued for AR$ 2,900,000,000 at an annual floating interest rate equivalent to Tamar plus 7.45%, due on April 24, 2026.
Investment Mutual Fund “Fondo Común de Inversión Cerrado Inmobiliario Puerto Nizuc” and Issuance of Shares for AR$ 7,527,023,123
Counsels in the issuance and placement of a single class of shares for AR$ 7,527,023,123 (the “Shares”) for the investment mutual fund “Fondo Común de Inversión Cerrado Inmobiliario Puerto Nizuc” (the “Fund”). The Shares were issued on April 15, 2025.
The Fund was created for funding the real estate development of certain units located within one of the parcels of land within the urban development project named “Puerto Nizuc” in the Province of Buenos Aires.
IEB S.A. acted as the manager and arranger of the issuance; Banco de Valores S.A. served as the custodian, placement agent and arranger of the placement and issuance; Invertir en Bolsa S.A. acted as a placement agent and Nueva Marinas de Hudson Inversora S.A. acted as developer.
Legal Advice in the Issuance of Series XV Notes of MSU S.A. for US$ 34,876,339
Counsel to Banco de Galicia y Buenos Aires S.A.U. as arranger, placement agent and settlement agent, and Banco Supervielle S.A., Banco de la Provincia de Buenos Aires, Puente Hnos. S.A., Invertir Online S.A.U, and Banco de la Nación Argentina as placement agents, in the issuance of MSU S.A. 8.50% Series XV Notes for US$ 34,876,339 issued on April, 16, 2025 and due April, 16, 2029, under its US$ 200,000,000 Global Notes Program.
Banco de Galicia y Buenos Aires S.A.U. acted as arranger, placement agent and settlement agent, and Banco Supervielle S.A., Banco de la Provincia de Buenos Aires, Puente Hnos. S.A., Invertir Online S.A.U and Banco de la Nación Argentina acted as placement agents.
“CFA CRÉDITOS V” Financial Trust for AR$11,500,000,000
Deal counsel in the issuance and placement in Argentina of trust securities for AR$11,500,000,000 issued under the “CFA CRÉDITOS V” Financial Trust, in which Compañía Financiera Argentina S.A. (Efectivo Sí) acted as trustor, arranger, collection agent and placement agent; TMF Trust Company (Argentina) S.A. acted as financial trustee; Banco Patagonia S.A. acted as arranger and placement agent; and Banco Comafi S.A., Adacap Securities Argentina S.A and Facimex Valores S.A. acted as placement agents.