Legal Advice in Crédito Directo S.A.’s Class XXIV Notes Issuance
Counsel in the issuance of Crédito Directo S.A.’s 6,00% Class XXIV Notes for $ 550,000,000 issued on June 26, 2023, and due December 26, 2023, under its US$ 24,000,000 Global Notes Program.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and SBS Trading S.A., Banco de la Provincia de Córdoba S.A and Industrial Valores S.A. acted as placement agents.
Legal Advice in the Issuance of Loma Negra Compañía Industrial Argentina S.A.´s Series 2 Notes for US$71,722,774
Counsel to Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco Patagonia S.A., Facimex Valores S.A., Buenos Aires Valores S.A., Max Capital S.A., Puente Hnos. S.A., Allaria S.A., and Balanz Capital Valores S.A.U. as placement agents, in the issuance of Loma Negra Compañia Industrial S.A.’s Series 2 Notes for USD 71,722,774, denominated and payable in USD at a 6.50% annual interest rate, due December 21, 2025. The Series 2 Notes were issued under the company´s global notes program for an amount of up to US$500,000,000.
Banco de Galicia y Buenos Aires S.A.U., Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco Patagonia S.A., Facimex Valores S.A., Buenos Aires Valores S.A., Max Capital S.A., Puente Hnos. S.A., Allaria S.A., and Balanz Capital Valores S.A.U. acted as placement agents of the Series 2 Notes. Banco de Galicia y Buenos Aires S.A.U. also acted as settlement agent for the Series 2 Notes.
“Total Assets I” Financial Trust for AR$ 700,076,651
Deal counsel in the issuance and placement in Argentina of trust securities for AR$ 700,076,651 issued under the “Total Assets I” Financial Trust, in which Crédito Directo S.A. acted as trustor, TMF Trust Company (Argentina) S.A. acted as trustee, Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Macro Securities S.A.U., Banco Supervielle S.A. and Banco Patagonia S.A. acted as placement agents.
Municipality of Cordoba’s Series XLVIII Treasury Notes Issuance for AR$ 3,000,000,000
Legal counsel to the Municipality of Cordoba, 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., SBS Trading S.A., Banco Comafi S.A., Nación Bursátil S.A., Banco de Galicia y Buenos Aires S.A.U., Becerra Bursátil S.A., Petrini Valores S.A., Macro Securities S.A.U., Banco Patagonia S.A. and Dracma S.A., as placement agents, in the issuance of Municipality of Cordoba’s Series XLVIII Treasury Notes (the “Treasury Notes Series XLIVIII”), under the Municipality of Cordoba’s Treasury Notes Issuance Program. The payments due under the Treasury Notes Series XLVIII are secured by certain rights of the Municipality to collect certain contribution charges over the commercial, industrial and services activity. The Treasury Notes Series XLVIII were issued on June 1, 2023, for AR$ 3,000,000,000 at an annual floating interest rate equivalent to Badlar plus 7.49%, due on April 8, 2024.
Legal Advice in Molinos Agro US$250,000,000 Pre-export Financing from IDB Invest
Counsel to Molinos Agro S.A. and Molinos Overseas Commodities S.A. in the financing for up to US$250,000,000 from IDB Invest. The uncommitted financing consists of a direct loan of up to US$50 million, and up to US$200 million of mobilized funds, with Santander and Rabobank as lead arrangers. This funding aims to ensure short and medium-term liquidity for pre-financing the company's exports of products and commodities.
“San Cristóbal Servicios Financieros II” Financial Trust for AR$ 375,500,000
Deal counsel in the issuance and placement in Argentina of trust securities for AR$ 375,500,000 issued under the “San Cristóbal Servicios Financieros II” Financial Trust, in which San Cristóbal Servicios Financieros S.A acted as trustor, TMF Trust Company (Argentina) S.A. acted as trustee, Banco Macro S.A. acted as arranger, First Corporate Finance Advisors S.A. acted as financial advisor and Macro Securities S.A.U. acted as placement agent.
Telecom Argentina becomes a shareholder of Open Pass
Legal counsel to Open Pass S.A. ("Open Pass") and its founding shareholders in the negotiation of a strategic agreement with Telecom Argentina S.A. ("Telecom") to promote Open Pass’ consolidation in the domestic Fintech market, expand its proposal of B2B financial technological solutions, and venture into new markets.
The transaction consisted in Telecom’s indirect acquisition of 50% of Open Pass’ shares through a share subscription and the reorganization of the company in preparation for its upcoming internationalization. In addition, as part of the transaction, Open Pass’ founding shareholders entered into a shareholders’ agreement with Telecom to regulate their rights and obligations. The transaction closed on April 24, 2023.
Open Pass is a technology company that offers Fintech As A Service infrastructure throughout Latin America. In turn, through its participation in Open Pass, Telecom aims to enhance the digital financial services offering of Personal Pay -Telecom's virtual wallet that uses Open Pass’ technology- both for individuals and companies.
Celulosa Argentina S.A.’s U$S10,295,290 Additional Class 17 Notes Offering
Counsel to Celulosa Argentina S.A. in the issuance of 9.50% Additional Class 17 Notes for U$S10,295,290 due August 8, 2025 under its U$S 150,000,000 Global Notes Program. Additional Class 17 Notes are denominated in U.S. dollars and payable in Argentine pesos.
Additional Class 17 Notes are additional to 9.50% Class 17 Notes for U$S9,337,600 due August 8, 2025, issued on August 8, 2025.
After the inssurrance of the Additional Clase 17 Notes, the outstanding total amounts of Class 17 Notes are U$S 19.632.890.
Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Facimex Valores S.A., Portfolio Investment S.A. and Zofingen Securities S.A. acted as placement agents of Additional Class 17 Notes. Banco de Servicios y Transacciones S.A. and Puente Hnos. S.A. acted as arrangers of the issuance, and Banco de Servicios y Transacciones S.A. also acted as settlement agent of this issuance.
Albanesi Group´s US$45,299,476 Notes Offering
Counsel to Generación Mediterránea S.A. and Central Térmica Roca S.A. in the co-issuance of 9.5% Class XX Notes for US$19,361,471 due July 27, 2025 and 5.5% Class XXI Notes for US$25,938,005 due April 17, 2025, issued under the Global Notes Program for an amount up to US$ 700,000,000.
SBS Trading S.A., Banco de Servicios y Transacciones S.A., Allaria Ledesma & Cía S.A., Balanz Capital Valores S.A.U., Nación Bursátil S.A., Bull Market Brokers S.A., Invertir en Bolsa S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A.U., Facimex Valores S.A., BACS Banco de Crédito y Securitización S.A., Banco Supervielle S.A., Banco Hipotecario S.A., Supervielle Agente de Negociación S.A.U., Adcap Securities Argentina S.A., Global Valores S.A., TPCG Valores S.A.U., Cocos Capital S.A., Liebre Capital S.A.U., Latin Securities S.A., Invertir Online S.A., Buenos Aires Valores S.A. and Petrini Valores S.A acted as placement agents of Class XX Notes and Class XXI Notes. SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as arrangers of the issuance, and Banco de Servicios y Transacciones S.A. also acted as settlement agent of this issuance.
Legal Advice in Petrolera Aconcagua Energía’s Class IV and Class V Notes Issuance
Counsel in the issuance of Petrolera Aconcagua Energía S.A.’s 3% Class IV Notes and 4.5% Class V Notes for US$ 36,238,568 issued on April 14, 2023, and due April 14, 2026, and April 14, 2027, respectively, under its US$ 150,000,000 Global Notes Program.
Banco de Servicios y Transacciones S.A. acted as arranger and placement agent, and Banco Mariva S.A., Banco Supervielle S.A., Banco Santander Argentina S.A., Banco de Galicia y Buenos Aires S.A.U., SBS Trading S.A., Consultatio Investments S.A., Allaria Ledesma & Cía. S.A., AdCap Securities Argentina S.A., Portfolio Investment S.A., Facimex Valores S.A., Invertir en Bolsa S.A. and Latin Securities S.A. acted as placement agents.