PROVEN TRACK RECORD
Transactions
Transactions
Mergers and Acquisitions
Mergers and Acquisitions - Regional Advisory
– AC Alimentos y Botanas S.A. de C.V., a subsidiary of Arca Continental, in the acquisition of Carlita Snacks Carlisnacks Cia. Ltda, an Ecuadorian company involved in the production and distribution of snacks in Ecuador (2021).
– Arca Continental in its acquisition of the Coca-Cola Bottling Business Unit for the Southwest region of the U.S. and the creation of a joint venture with The Coca-Cola Company to operate all beverage businesses of Arca Continental, in a transaction valued at approximately US$2.7 billion (2017).
-Arca Continental in the acquisition of Unilever’s AdeS business, alongside The Coca-Cola Company, Coca-Cola Femsa, and other Coca-Cola bottlers, and the formation of a joint venture to operate AdeS plants in Argentina (2017).
– Pampa Energía in the acquisition of Petrobras Participaciones S.L., a Spanish company holding 67.19% of the capital and votes of Petrobras Argentina, an Argentine company with a strong presence in gas and oil exploration and exploitation, gas distribution, power generation, refining, and petrochemical activities, for a value of US$897 million. This transaction involved the acquisition of assets in Argentina, Venezuela, Ecuador, and Bolivia and was awarded both by Latin Finance and Latin Lawyer as M&A Deal of the Year 2016.
– Arca Continental in its recent restructuring aimed at (i) being the sole holder of the capital and voting rights in, and indirectly in the assets of, each of its joint ventures in South America that have activities in Argentina and Ecuador, and (ii) converting the interest of the other participants in those joint ventures into publicly traded shares of Arca Continental (2016).
– Arca Continental in the acquisition of a controlling stake in Corporación Lindley S.A., the only Peruvian Coca-Cola bottler, for US$910 million, followed by a capital increase by Arca Continental and the subscription of new shares for US$400 million by the Lindley family (2015-2016).
– Arca Continental and The Coca-Cola Company in their joint acquisition of a controlling stake in the Ecuadorian company Holding Tonicorp S.A., which controls Plásticos Ecuatorianos S.A. (one of the main producers of plastic packaging in the country), Industrias Lácteas Toni S.A., and Distribuidora Importadora DIPOR S.A., and in launching a purchase offer directed at minority shareholders; a transaction with an involved value of approximately US$400 million (2013-2014).
– Southern Cross Group in its US$220 million investment in Ultrapetrol (Bahamas) Ltd., an industrial maritime transport company, whereby the fund acquired 78.38% of the ordinary shares of the company (2012).
– Arca Continental in its acquisition of Industrias Alimenticias Ecuatorianas S.A., one of the leading snack companies in Ecuador (2012).
– Southern Cross Group in its acquisition of a controlling stake in Estrella International Energy Services Ltd., a drilling and work-over company with operations in multiple jurisdictions across Latin America (2012).
– Embotelladoras Arca de Argentina in the merger of its Coca-Cola beverage production business with Ecuador Bottling Company Suc. Ecuador, the Coca-Cola bottler in Ecuador (2012).
– Inverlat Investment Fund in negotiating and signing a manufacturing and distribution agreement for the sports brand Canterbury apparel in Uruguay (2012).
– Inverlat Investment Fund in the acquisition of the fast food business of Kentucky Fried Chicken and China Wok in Chile, through the acquisition of the Chilean franchises (2011).
Mergers and Acquisitions - Local Advisory
– Pampa Energía S.A. in the sale of its controlling stake in Empresa Distribuidora y Comercializadora Norte S.A. (Edenor), the largest electricity distribution company in Argentina, to Empresa de Energía del Cono Sur S.A. (2021).
– Grupo ST S.A. in the acquisition of 100% of the share capital of Metlife Seguros S.A. from certain entities of the Metlife Group (2021).
– TAP S.A. in the acquisition of certain assets of the platform Pency, which facilitates cost-free entry for small and medium-sized enterprises into e-commerce (2021).
– Orígenes Seguros de Retiro S.A. in the acquisition of 100% of the share capital of Metlife Seguros de Retiro S.A. from certain entities of the Metlife Group (202).
– Pampa Energía S.A. in the sale to Shell Compañía Argentina de Petróleo S.A. of the logistical and port terminal Dock Sud for approximately US$24 million (2019).
– St. Patrick Oil & Gas S.A. in the sale to Roch S.A., Petrolera El Trébol S.A., Desarrollos Petroleros y Ganaderos S.A., and Secra S.A. of a stake in the exploitation of hydrocarbon concessions CA-12 “Rio Cullen,” CA-13 “Las Violetas,” and CA-14 “Angostura” (2019).
– Pampa Energía S.A. in the sale of a minority stake in Oldeval S.A. to Exxon Mobil Exploration Argentina for US$36 million (2018).
– Bodega Tres Blasones S.A. in the sale to Cepas Argentinas S.A. of the registered brand and production rights of the drink Hesperidina (2018).
– Sale of Global Mind USA LLC and Global Mind Argentina to Dentsu Aegis Network Ltd. (2018).
– General Electric Company in the sale of its distributed energy business in Argentina to Advent International (2018).
Capital Markets
Capital Markets - Securities: Equity and Debt
Equity
-Inversora Juramento S.A., as issuer, Banco Macro S.A. as the offer organizer, and Macro Securities S.A. as the placement agent, regarding the public offering of 95,480,189 shares of its capital stock on the Buenos Aires Stock Exchange (2021).
-J.P. Morgan as underwriter in the offering of 10,240,000 ordinary shares issued in the form of ADS by IRSA Inversiones y Representaciones S.A., a subsidiary of IRSA Propiedades Comerciales S.A. (2017).
-Goldman Sachs & Co. LLC as co-organizers and bookrunners, and BofA Merrill Lynch as Joint Bookrunner, and Macro Securities S.A. as placement agent in Argentina, in the global offering of 74 million Class B ordinary shares and American Depositary Shares (“ADSs”) of Banco Macro S.A. (2017).
-Pampa Energía S.A. and holders of certain options issued by Pampa Energía S.A. in the issuance of shares in the form of ADS representing 22.5% of the company’s capital stock (valued at USundefined1,338 million (US$431 million) (2007).
-Pampa Energía S.A. in the offering of 600,000,000 shares (2007).
-Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the initial public offering (IPO) of shares on the Buenos Aires Stock Exchange and the New York Stock Exchange (2007).
-Pampa Energía S.A. in the issuance of 300,000,000 shares (2006).
-Pampa Energía S.A. in the issuance of options with a public offering on shares (“warrants”), granted to its executives to represent, once issued, 20% of the company’s capital stock (2006).
Debt
-Pampa Energía S.A., as issuer, in the issuance of its class 8 negotiable obligations with a nominal value in pesos of $3,107,268,000, marking the inaugural issuance of green bonds by Pampa Energía S.A. in the Argentine capital markets (2022).
-CT Barragán S.A., acting as issuer, with Pampa Energía S.A. and YPF S.A. as guarantors, offered class 4 negotiable obligations for US$96 million. Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., HSBC Bank Argentina S.A.; SBS Trading S.A., Balanz Capital Valores S.A.U., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco Mariva S.A., Negocios Financieros y Bursátiles S.A., Invertir en Bolsa S.A., Banco de Servicios y Transacciones S.A., AR Partners S.A., Banco de la Provincia de Buenos Aires, BNP Paribas Sucursal Buenos Aires, Banco Patagonia S.A., TPCG Valores S.A.U., Industrial Valores S.A., Macro Securities S.A., and Puente Hnos. S.A. acted as placement agents (2021).
-Compañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A. (Transener), in the cancellation of its outstanding negotiable obligations for US$98.5 million, had to advise Transener in its process with the Central Bank of the Argentine Republic to gain access to the foreign exchange market and negotiate a loan agreement with the Banco de la Nación Argentina for AR$1,000 million (2021).
-Mediterranean Generation S.A., as the issuer of negotiable bonds class XV, maturing in 2026, and negotiable bonds class XVI, maturing in 2029, for US$130 million, where SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as dealer managers, and SBS Trading S.A., Banco de Servicios y Transacciones S.A., Facimex Valores S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A., Adcap Securities Argentina S.A., and TPCG Valores S.A.U. acted as placement agents (2021).
-Creaurban S.A. as the issuer of negotiable bonds class 6 and 7 maturing in 2022 and 2024 for an amount of approximately AR$500 million (2021).
-Grupo ST S.A. as the issuer, Banco de Servicios y Transacciones S.A. as the placement agent and organizer, regarding the Grupo ST offer of negotiable bonds class V for AR$1.300 million, maturing in 2022 (2021).
-Albanesi Energía S.A. as the issuer, in the establishment of its global program of negotiable bonds and in the issuance of negotiable bonds class I and II for a total of US$20 million (increasable up to US$40 million), maturing in 2023 (2021).
-CT Barragán S.A., as the issuer, and Pampa Energía S.A. and YPF S.A. as guarantors, in the reopening and public offering of additional negotiable bonds class 1 for US$15,618,641 and additional negotiable bonds class 2 for 27,909,579 UVAs. 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 organizers 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. acted as placement agents (2021).
-CT Barragán S.A., as issuer, and Pampa Energía S.A. and YPF S.A. as guarantors, of the issuer’s offer of class 1 negotiable obligations for US$27,335,576 and class 2 negotiable obligations for 37,504,954 UVAs (Units of Purchasing Value). Banco de Galicia y Buenos Aires S.A.U., Banco Santander Río S.A., Industrial and Commercial Bank of China (Argentina) S.A., HSBC Bank Argentina S.A., Invertir en Bolsa S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., AR Partners S.A., Banco de la Provincia de Buenos Aires, Banco de Servicios y Transacciones S.A., BACS Banco de Crédito y Securitización S.A. and Banco Hipotecario S.A. acted as placement agents (2021).
-Creaurban S.A. as issuer of class 5 negotiable obligations maturing in 2022 for an amount of AR$1,922 million (2021).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., Banco Mariva S.A., SBS Trading S.A. and Balanz Capital Valores S.A.U. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of Crédito Directo class VII negotiable obligations for AR$450 million maturing in 2022 (2021).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., SBS Trading S.A., Balanz Capital Valores S.A.U., Banco Mariva S.A. and Estructuras Financieras Regionales S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of Crédito Directo class VI negotiable obligations for AR$200 million, maturing in 2022 (2021).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., AdCap Securities Argentina S.A., Balanz Capital Valores S.A.U. and Estructuras Financieras Regionales S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of Crédito Directo class V negotiable obligations for AR$150 million maturing in 2022 (2021).
-Creaurban S.A. as the issuer of class 4 negotiable obligations maturing in 2021 for an amount of AR$1 billion (2021). Inversora Juramento S.A., as the issuer, Banco Macro S.A. as the offering organizer, and Macro Securities S.A., Banco de Galicia y Buenos Aires S.A.U., Banco Patagonia S.A., and Industrial Valores S.A. as placement agents, regarding the offering of Inversora Juramento S.A. of class 9 negotiable obligations for AR$1.5 billion maturing in 2022 (2021). Crown Point Energía S.A. as the issuer, Banco de Servicios y Transacciones S.A., SBS Trading S.A., AdCap Securities Argentina S.A., and Estructuras Financieras Regionales S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as the organizer, regarding the offering of Crown Point of class I and II negotiable obligations for US$7.5 million maturing in 2024 (2021).
-Pampa Energía S.A. as the issuer of class 6 negotiable obligations maturing in 2021 for an amount of AR$6.355 billion (2020).
-Grupo ST S.A. as issuer, Banco de Servicios y Transacciones S.A. as placement agent and organizer, regarding Grupo ST’s offer of Class III and IV negotiable obligations for AR$200 million due in 2021 and 2022 (2020).
-Pampa Energía S.A. as issuer of Class 5 and Class 4 negotiable obligations maturing in 2020 for a total amount of approximately AR$1.7 billion (2020).
-Inversora Juramento S.A., as issuer, Macro Securities S.A. as placement agent, and Banco Macro S.A. as organizer, concerning Inversora Juramento S.A.’s offer of Class 8 negotiable obligations for AR$800 million due in 2021 (2020).
-Pampa Energía S.A. as issuer of Class 3 negotiable obligations for US$300 million due in 2029 (2019).
-Central Térmica Roca S.A. and Generación Mediterránea S.A., subsidiaries of Grupo Albanesi, as co-issuers of guaranteed negotiable obligations for US$80 million due in 2023 (2019).
-Grupo ST S.A. as issuer, Banco de Servicios y Transacciones S.A. as placement agent and organizer, regarding Grupo ST’s offer of Class II obligations for AR$175 million due in 2020 (2019).
-Transportadora de Gas del Sur S.A. (TGS) as the issuer in the international and local offering of class 2 negotiable obligations for US$500 million at 6.75% maturing in 2025, and in the buyback offer of its negotiable obligations at 9.625% maturing in 2020, in which HSBC Securities (USA) Inc., Itaú BBA USA Securities Inc., J.P. Morgan Securities LLC, and Santander Investment Securities Inc. acted as initial purchasers, and HSBC Bank Argentina S.A., Banco Itaú Argentina S.A., and Banco Santander Río S.A. as local placement agents (2018).
-Argentine advisors from Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Goldman Sachs & Co., and Morgan Stanley & Co. LLC as placement agents, and Banco Bradesco BBI S.A., Barclays Capital Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Itaú BBA USA Securities, Inc., and Santander Investment Securities Inc. as organizers in the issuance by Vrio Finco 1 and Vrio Finco 2, subsidiaries of Vrio Holdco Inc., an affiliate of AT&T responsible for the DirectTV signal in various countries in South and Central America, for US$1 billion in the United States (2018).
-Crédito Directo S.A. as issuer, Allaria Ledesma & Cia. S.A., Balanz Capital Valores S.A.U., Banco de Servicios y Transacciones S.A., Puente Hnos S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offering of Crédito Directo of class XII short-term obligations for AR$125 million maturing in 2019 (2018).
-Citigroup Global Markets, Deutsche Bank Securities, HSBC Securities, and Crédit Agricole as placement agents for simple negotiable obligations in the international market for US$500 million from Agua y Saneamientos Argentinos S.A. (AYSA) (2018).
-HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, as underwriters, and HSBC Securities (USA) Inc. and JP Morgan Securities LLC as initial purchasers regarding the issuance by the Province of Córdoba of public securities maturing in 2027 for US$450 million (2017).
-Crédito Directo S.A. as issuer, Banco CMF S.A., Banco de Servicios y Transacciones S.A., Puente Hnos S.A., Banco Mariva S.A., Allaria Ledesma & Cia. S.A., and Balanz Capital Valores S.A.U. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offering of short-term Class XI obligations by Crédito Directo of AR$100 million maturing in 2018 (2017).
-Crédito Directo S.A. as issuer, Allaria Ledesma & Cia. S.A., Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Puente Hnos S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offering of short-term Class X obligations by Crédito Directo of AR$100 million maturing in 2018 (2017).
-Citigroup Global Markets Inc. and Santander Investments Securities Inc. as initial purchasers regarding the issuance by the Province of Neuquén of public securities maturing in 2025 for US$366 million (2017).
-Puente Hnos. S.A., Banco de Servicios y Transacciones S.A., and AdCap Securities Argentina S.A. as underwriters regarding the issuance by the Province of Mendoza of public securities maturing in 2024 for AR$5,218,752,500 (approximately US$290 million) (2017).
-Crédito Directo S.A. as issuer, Banco CMF S.A., Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Allaria Ledesma & Cia. S.A., Balanz Capital Valores S.A.U, and Puente Hnos. S.A. as underwriters, and Banco de Servicios y Transacciones S.A. as organizer, regarding the issuance of short-term Class XI negotiable obligations for AR$100 million (2017).
-Crédito Directo S.A. as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the issuance of short-term negotiable obligations Class IX for AR$98 million and Class X for AR$100 million (2017).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Puente Hnos. S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of short-term negotiable obligations Class IX from Crédito Directo for AR$100 million maturing 2018 (2017).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Puente Hnos. S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of short-term negotiable obligations Class VIII from Crédito Directo for AR$75 million maturing in 2018 (2017).
-Crédito Directo S.A. as issuer, Banco de Servicios y Transacciones S.A., Banco Mariva S.A., Puente Hnos. S.A., and Tarallo S.A. as placement agent, and Banco de Servicios y Transacciones S.A. as organizer, regarding the offer of short-term negotiable obligations Class VII from Crédito Directo for AR$75 million maturing in 2018 (2017).
-Credit Suisse Securities (USA) LLC, J.P. Morgan Securities PLC, and BCP Securities, LLC, as initial purchasers regarding the issuance by Banco Hipotecario S.A. of Series No. 48 negotiable obligations for AR$6.3 billion (approximately US$350 million) maturing in 2022 (2017).
-BBVA Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith as initial purchasers regarding the issuance by the Province of Río Negro of public securities maturing in 2025 for US$300 million (2017).
-Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and UBS Securities LLC, as initial purchasers, and J.P. Morgan Chase Bank NA, Buenos Aires Branch, BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and Industrial and Commercial Bank of China (Argentina) S.A. as local underwriters, regarding the reopening by Generación Mediterránea S.A., Generación Frías S.A., and Central Térmica Roca S.A. of their negotiable obligations 9.625% maturing in 2023 (2017).
-Credit Suisse Securities, Itaú BBA USA Securities, and JP Morgan Securities, as underwriters, regarding the issuance by AES Argentina Generación of negotiable obligations for US$300 million (2017).
-J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as underwriters, regarding the issuance by the Province of Córdoba of public securities for US$510 million (2017).
-Crédito Directo S.A., as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and Tarallo S.A. as underwriters, and Banco de Servicios y Transacciones S.A. as organizer, regarding the issuance of class VIII negotiable obligations for AR$75 million (2017).
-Deutsche Bank Securities Inc., Santander Investment Securities Inc., and BCP Securities LLC, as underwriters, regarding the reopening by Banco Hipotecario S.A. of Series 29 of Negotiable Obligations maturing in 2020 (2016).
-Pampa S.A. Oil Company, as issuer regarding the negotiable obligations amounting to AR$403.3 million, class 8 under the program of US$250 million, and to BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., Balanz Capital Valores S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and SBS Trading S.A. as underwriters (2016).
-Goldman Sachs and UBS Securities, as underwriters, regarding the issuance by Banco Macro S.A. of negotiable obligations maturing in 2026 for US$400 million under the program of up to US$1.000 million (2016).
-Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and UBS Securities LLC, along with J.P. Morgan Chase Bank NA, Buenos Aires Branch, as underwriters regarding the issuance by Generación Mediterránea S.A., Generación Frías S.A., and Central Térmica Roca S.A. of negotiable obligations with a nominal value of US$250 million (2016).
-J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as underwriters, and Puente Hnos. S.A. as co-organizer, regarding the issuance by the Province of Córdoba of public securities maturing in 2021 for US$725 million (2016).
-Pampa Energía S.A., in the issuance of negotiable obligations for US$750 million maturing in 2027, where Deutsche Bank Securities, Citigroup, Credit Agricole CIB, BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco de Galicia y Buenos Aires, and Industrial and Commercial Bank of China (Argentina) acted as underwriters (2017).
-Deutsche Bank Securities Inc., Santander Investment Securities Inc., and BCP Securities as initial purchasers regarding the issuance by Banco Hipotecario S.A. of Series No. 40 of negotiable obligations for approximately US$400 million maturing in 2020 (2016).
-Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as underwriters regarding the issuance by the Province of Mendoza of public securities maturing in 2024 for US$500 million (2016).
-Citicorp Capital Markets Inc., Citigroup Global Markets Inc., and JP Morgan Securities LLC as underwriters regarding the issuance by IRSA Propiedades Comerciales S.A. of negotiable obligations for US$360 million maturing in 2023 (2016).
-JP Morgan Securities LLC and Citigroup Global Markets Inc., as lead managers, in the purchase offer by IRSA Propiedades Comerciales S.A. for its outstanding class 1 negotiable obligations and by IRSA Inversiones y Representaciones S.A. regarding its class 1 and class 2 negotiable obligations (2016).
-Petrolera Pampa S.A., as issuer regarding Series 7 of negotiable obligations for AR$309.8 million under the global program for US$250 million, and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Balanz Capital S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Raymond James Argentina S.A., and SBS Trading S.A. as underwriters (2016).
-Crédito Directo S.A., as issuer, Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and Tarallo S.A., as underwriters, and Banco de Servicios y Transacciones S.A., as organizer, regarding the issuance by Crédito Directo of Series VII of negotiable obligations for AR$75 million maturing in 2017 (2016).
-Banco de Galicia y Buenos Aires S.A. and BBVA Banco Francés S.A. as placement agents regarding the issuance of negotiable obligations maturing in 2018 by Toyota Compañía Financiera de Argentina S.A. for AR$170 million (2016).
-Petrolera Pampa S.A. as issuer regarding the Series 14 bonds maturing in 2017 for AR$295.7 million under the global VCP program for US$70 million, with BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., AdCap Securities Argentina S.A., Balanz Capital S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., Raymond James Argentina S.A., and SBS Trading S.A. as placement agents (2016).
-Central Térmica Güemes S.A., BACS Banco de Crédito y Securitización, Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A., SBS Trading, Puente Hnos. S.A., and Balanz Capital Valores regarding the issuance of negotiable obligations for AR$172 million maturing in 2018 and for US$1.4 million maturing in 202 by Central Térmica Güemes (2016).
-Merrill Lynch, Pierce, Fenner & Smith and Itau BBA Securities Inc., Banco Itaú Argentina S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents in the issuance of negotiable obligations by Banco Hipotecario S.A. for US$150 million (2016).
-Genneia S.A. as issuer regarding the negotiable obligations for AR$462.2 million class XIX under the global program for US$400 million, with Banco Itaú Argentina S.A., Macro Securities S.A., and Industrial and Commercial Bank of China (Argentina) S.A. as placement agents (2016).
-Crédito Directo S.A., Banco Mariva S.A., Banco de Servicios y Transacciones S.A., Puente Hnos. S.A., and Tarallo S.A. as placement agents, and Banco de Servicios y Transacciones S.A. as organizer regarding the issuance by Crédito Directo of Series VI negotiable obligations for AR$69.5 million (2016).
-Grupo ST S.A. as issuer and Banco de Servicios y Transacciones S.A. as placement agent, in the entry into the public offer regime, in the creation of the global program for the issuance of negotiable obligations for up to AR$500 million (or its equivalent in other currencies) and in the issuance of Class 1, valued at AR$75 million (2016).
-Central Térmica Loma de la Lata S.A. as issuer in its offer of Class E Negotiable Obligations for AR$575.2 million under its global program for the issuance of negotiable obligations for up to US$350 million, and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Servicios y Transacciones S.A., and ICBC Industrial and Commercial Bank of China (Argentina) S.A. as placement agents (2015).
-Central Térmica Loma de la Lata S.A. in its offer of Class A Negotiable Obligations for AR$282.4 million under its global program for the issuance of negotiable obligations for up to US$350 million (2015).
-BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and ICBC Industrial and Commercial Bank of China (Argentina) S.A. as placement agents in the issuance by Genneia S.A. of Class XVI Negotiable Obligations for AR$48.9 million and Class XVII for US$10.2 million under its global program for the issuance of negotiable obligations for up to US$400 million (2015).
-Banco Itaú Argentina S.A. as placement agent in the issuance by Quickfood S.A. in its offer of Class VII Negotiable Obligations for AR$101.3 million and Class VIII for AR$195.9 million, guaranteed by BRF S.A. (2015).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Class 11 Short-Term Debt Securities for an amount of AR$89.9 million (2015).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Class 7 Short-Term Debt Securities for an amount of AR$137 million (2015).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Class 6 Negotiable Obligations for an amount of AR$49.9 million, under its global program for the issuance of negotiable obligations for up to US$125 million (2015).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Class 4 Negotiable Obligations for an amount of AR$51 million and Class 5 for an amount of US$18.5 million, under its global program for the issuance of negotiable obligations for up to US$125 million (2015).
-Central Térmica Güemes S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., Industrial and Commercial Bank of China (Argentina) S.A., Raymond James S.A., Puente Hnos. S.A., SBS Trading S.A., Advanced Capital Securities S.A., and BACS Banco de Crédito y Securitización S.A. asplacement agents, in the issuance of Class 6 Negotiable Obligations for an amount of AR$91 million, under its global program for the issuance of negotiable obligations for up to US$50 million (2015).
-Industrial and Commercial Bank of China (Argentina) S.A. as organizer and placement agent, and Banco Itaú Argentina S.A., BBVA Banco Francés S.A., and HSBC Bank Argentina S.A. as placement agents, in the issuance by Petroquímica Comodoro Rivadavia S.A. (a company involved in the oil, gas, and cement industries) of Class 3 Negotiable Obligations for an amount of AR$246.2 million (2015).
-Petrolera Pampa S.A. in its offer of Class 2 Negotiable Obligations for AR$525.4 million, for which BACS Banco de Crédito y Securitización S.A., Banco de Galicia y Buenos Aires S.A., Banco de Servicios y Transacciones S.A., Citicorp Capital Markets S.A., Advanced Capital Securities S.A., Puente Hnos. MAE S.A., Raymond James Argentina S.A., and SBS Trading S.A. acted as placement agents (2014).
-Banco de Servicios y Transacciones S.A. as issuer and BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and Macro Securities S.A. as placement agents in the issuance of Class 9 Negotiable Obligations for the sum of AR$98 million, under its global program for the issuance of negotiable obligations for up to AR$500 million (2014).
-Banco de Servicios y Transacciones S.A. as issuer and Banco de Servicios y Transacciones S.A., BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., and Macro Securities S.A. as placement agents in the issuance of Class 8 Negotiable Obligations for the sum of AR$139.4 million, under its global program for the issuance of negotiable obligations for up to AR$500 million (2014).
-Industrial and Commercial Bank of China (Argentina) S.A., Banco Itaú Argentina S.A., and Banco Macro S.A. as organizers, and Industrial and Commercial Bank of China (Argentina) S.A., Banco Itaú Argentina S.A., Macro Securities S.A., and Banco de Servicios y Transacciones S.A. as placement agents in the issuance of Class III Negotiable Obligations for AR$100 million by Generación Mediterránea S.A., a company belonging to the Albanesi Group dedicated to the generation and sale of electric power (2014).
-Banco Itaú Argentina S.A., BBVA Banco Francés S.A., HSBC Bank Argentina S.A., and Industrial and Commercial Bank of China (ICBC) S.A. in the issuance of debt for the sum of US$20.4 million by Petroquímica Comodoro Rivadavia (PCR) S.A., an Argentine company dedicated to the production of gas, oil, and cement (2014).
-Central Térmica Güemes S.A. in the issuance of negotiable obligations for US$7.5 million under its global program for the issuance of negotiable obligations for up to US$50 million (2014).
-Banco de Servicios y Transacciones S.A. in its public offering of a series of negotiable obligations for US$8.4 million under its global program for the issuance of negotiable obligations for up to AR$500 million (2014).
-Itaú Argentina Bank S.A. and Industrial and Commercial Bank of China (ICBC) S.A. as placement agents in the issuance of negotiable obligations for US$40 million by Quickfood S.A. (an Argentine meat packing and processing company), guaranteed by its parent company Brasil Foods (BRF) (2013).
-Itaú Argentina Bank S.A., BBVA Banco Francés S.A., HSBC Bank Argentina S.A., and Industrial and Commercial Bank of China (ICBC) S.A. in the issuance of debt for the amount of US$33.5 million by Petroquímica Comodoro Rivadavia (PCR) S.A., an Argentine company dedicated to the production of gas, oil, and cement (2013).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Banco Hipotecario S.A., BACS Banco de Crédito & Securitización S.A., SBS Trade S.A., and Raymond James Argentina Brokerage S.A. as placement agents, in the creation of the global program for the issuance of negotiable obligations for up to US$100 million (or its equivalent in other currencies) and in the issuance of Class 1, for an amount of AR$254.8 million (2013).
-Central Térmica Güemes S.A. in the issuance of Class 3 negotiable obligations for AR$36.7 million and Class 4 negotiable obligations for US$9.5 million under its global program for the issuance of negotiable obligations for up to US$50 million, in the framework of the exchange and subscription of negotiable obligations (2013).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Raymond James Argentina Brokerage S.A., SBS Trade S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Short-Term Debt Securities Classes 5 and 6 for an amount of AR$7.8 million and US$4.3 million, respectively (2013).
-Empresa Distribuidora de Electricidad de Salta S.A. (EDESA) in the issuance of negotiable obligations for US$63 million (2012).
-Banco de Servicios y Transacciones S.A. as issuer, and Banco de Servicios y Transacciones S.A. and Macro Securities Brokerage, as placement agents, in the issuance of negotiable obligations for AR$75 million (2012).
-Toyota Financial Company of Argentina S.A. in the issuance of negotiable obligations for AR$180 million (2012).
-Petrolera Pampa S.A. as issuer and Banco de Servicios y Transacciones S.A., Raymond James Argentina Brokerage S.A., SBS Brokerage S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, in the issuance of Short-Term Debt Securities Classes 3 and 4 for an amount of AR$34.4 million and US$6.5 million, respectively (2012).
-Central Térmica Güemes S.A. in the issuance of negotiable obligations for AR$40 million (2012).
-Toyota Compañía Financiera de Argentina S.A. in the issuance of negotiable obligations for AR$122.9 million (2011).
-Banco de Servicios y Transacciones S.A., as issuer, and Banco de Servicios y Transacciones S.A., Banco Macro S.A., Macro Securities Brokerage, and HSBC Bank Argentina S.A. as placement agents, in the issuance of negotiable obligations for AR$75 million (2011).
-Banco de Servicios y Transacciones S.A. as issuer and placement agent of subordinated negotiable obligations for an amount of AR$50 million (2011).
-Petrolera Pampa S.A. as issuer, Banco Hipotecario S.A., Raymond James Argentina Brokerage S.A., and BACS Banco de Crédito y Securitización S.A. as placement agents, and Allaria Ledesma & Cía. Brokerage S.A. and SBS Brokerage S.A. as co-placement agents in the creation of the Short-Term Debt Securities issuance program for an amount of up to AR$200 million and in the issuance of securities under that program for an amount of AR$46.7 million (2011).
-Central Térmica Piedra Buena S.A. in the issuance of Short-Term Debt Securities for a value of AR$125.6 million (2011).
-Toyota Compañía Financiera de Argentina S.A. in the issuance of negotiable obligations for AR$70 million (2011).
-Central Térmica Piedra Buena S.A. in the issuance of Short-Term Debt Securities for a value of AR$66.3 million (2011).
-Central Térmica Piedra Buena S.A. in the issuance of Short-Term Debt Securities for a value of AR$80 million (2011).
-Banco Francés S.A., HSBC Bank Argentina S.A., and Itaú BBA in the placement of negotiable obligations for AR$75 million issued by Petroquímica Comodoro Rivadavia S.A. (2009).
-Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the issuance of negotiable obligations for AR$75.7 million (2009).
-Petroquímica Comodoro Rivadavia S.A. in the issuance of negotiable obligations for AR$75 million (2009).
-Toyota Compañía Financiera de Argentina S.A. in entering the public offering regime, the creation of the global program for the issuance of negotiable obligations for an amount of up to AR$200 million (subsequently expanded to AR$400 million), and the issuance of negotiable obligations for AR$65 million (2009).
-Central Térmica Loma de la Lata S.A. in the issuance of guaranteed negotiable obligations for US$178 million (2008).
-Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the offering of negotiable obligations for US$220 million (2007).
-Banco Santander Río S.A. in the placement of negotiable obligations for US$25 million issued by Petroquímica Comodoro Rivadavia S.A. (2007).
-ABN AMRO Bank N.V. in organizing the Program of Negotiable Obligations for Petroquímica Comodoro Rivadavia S.A. and the placement of negotiable obligations for US$25 million (2006).
Capital Markets - Exchange Offers
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Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in its exchange and/or repurchase offer of US$122.6 million of negotiable obligations in circulation and the offer of new negotiable obligations for US$90.3 million (2010).
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Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in its exchange offer of US$534 million of negotiable obligations in circulation and other financial instruments for new negotiable obligations and cash payments as part of the process of restructuring its financial debt through a preventive extrajudicial agreement (2006).
Capital Markets - Other Capital Market Operations
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Pampa Energía S.A. in its mandatory public acquisition offer and concurrent voluntary offer to exchange shares and ADS in the capital of Petrobras Argentina S.A. for shares and ADS of Pampa Energía S.A., launched as part of Pampa Energía S.A.’s acquisition of 67.19% of the equity and voting rights of Petrobras Argentina, an Argentine company with a strong presence in the oil and gas exploration and production markets, gas distribution, energy generation, oil refining, and petrochemicals for US$897 million (2016).
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Socotherm Américas S.A. and its indirect controlling company ShawCor Canada Holdings in the withdrawal of Socotherm Américas S.A. shares from the public offering regime and listing of the National Securities Commission and the Buenos Aires Stock Exchange, respectively, and in the launch of a mandatory public acquisition offer (OPA) for shares (2013).
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Fineglade Ltd. in the launch of a public acquisition offer (OPA) for shares of Socotherm Américas S.A. as a result of the change of control that occurred in the company in 201 (2011).
Financing Transactions
Financing Transactions - Syndicated Loans and Other Bank Financing
-COMPAÑÍAS ASOCIADAS PETROLERAS S.A. (CAPSA) as the borrower in loan agreements granted by Banco BBVA Argentina S.A. and INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ARGENTINA) S.A. (2021).
-COMPAÑÍAS ASOCIADAS PETROLERAS S.A. (CAPSA) as the borrower in a loan of US$15 million granted by INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ARGENTINA) S.A. (2021).
-J.P. Morgan Chase Bank, N.A., as the arranger, original lender, and agent of the loan and the Export-Import Bank of the United States in a loan agreement granted to Generación Mediterránea S.A., as borrower, and Albanesi S.A. and Central Térmica Roca S.A., as corporate guarantors for an amount of US$14.8 million to finance services related to improvements and repairs of natural gas generating turbines. The loan was guaranteed by the Export-Import Bank of the United States (2021).
-Petroquímica Comodoro Rivadavia S.A. as sponsor and Parque Eólico del Bicentenario S.A. as borrower of a structured syndicated loan granted by the Inter-American Investment Corporation, Inter-American Development Bank, KFW IPEX-Bank, and EKF Denmark’s Export Credit Agency for financing of US$108 million for the construction, operation, and maintenance of a renewable wind power generation plant (2019).
-Central Térmica Barragán S.A., as borrower, and Pampa Energía S.A. and YPF S.A. as guarantors, for a loan of US$136 million granted by the Citibank, N.A. branch established in the Republic of Argentina, Banco de Galicia y Buenos Aires S.A.U., ICBC Argentina S.A., HSBC Bank Argentina S.A., and Banco Santander Río S.A. (2019).
-ENAP Sipetrol Argentina S.A. as the borrower of a syndicated loan guaranteed for US$90 million granted by Bank of America, N.A. (2019).
-Albanesi Energía S.A. and Generación Centro S.A. as borrowers of a syndicated loan granted by UBS AG Stamford Branch, BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de Inversión y Comercio Exterior S.A., and Credit Suisse AG, as lenders, and organized by Credit Suisse Securities (USA) LLC and UBS Securities LLC, with Credit Suisse AG, London Branch acting as administrative agent, for an amount of up to US$395 million to finance the construction, implementation, and operation of a 133 MW power generation plant in Arroyo Seco, Province of Santa Fe, and the prepayment of financial debt (2018).
-Banco Hipotecario S.A., as organizer, administrative agent, and lender, BACS Banco de Crédito y Securitización S.A. as organizer and lender, and Banco de la Nación Argentina, Banco de la Ciudad de Buenos Aires, and Banco de Inversión y Comercio Exterior as lenders in a syndicated loan guaranteed for US$40 million granted to Saujil Solar S.A., Tinogasta Solar S.A., and Fiambalá Solar S.A., subsidiaries of 360 Energy S.A., to finance the construction of solar parks under the renewable energy program RenovAr (2018).
-ENAP Sipetrol Argentina S.A. as the borrower of a syndicated loan guaranteed for US$100 million granted by The Bank of Nova Scotia (2018).
-BACS Banco de Crédito y Securitización S.A., Banco Hipotecario S.A., Banco de la Ciudad de Buenos Aires, Banco de la Nación Argentina, and Banco de Inversión y Comercio Exterior S.A. as lenders, regarding a loan of US$40 million granted to Saujil Solar S.A., Tinogasta Solar S.A., and Fiambalá Solar S.A. as borrowers (2018).
-Banco de Servicios y Transacciones S.A. as organizer, administrative agent, and lender, and Banco del Chubut S.A., Banco de la Ciudad de Buenos Aires, HSBC Bank Argentina S.A., and Banco BICA S.A. as lenders, in the guaranteed syndicated loan granted to Petrolera Aconcagua Energía S.A. for US$4,850,000 (2018).
-Credicorp Capital Servicios Financieros S.A., BBVA Securities Inc., Citibank N.A., and JPMorgan Chase Bank, N.A. regarding the bridge loan for a sum of US$200,000,000 granted to Tecpetrol S.A., Tecpetrol del Perú S.A.C., and Tecpetrol Bloque 56 S.A.C. (2017).
-Itaú, as Administrative Agent and Guarantee Agent, along with a syndicate of banks and JP Morgan as joint lead arrangers and joint bookrunners for an export prefinancing of US$70 million granted to Molino Cañuelas S.A.C.I.F.I.A. (2017).
-Nonogasta Solar S.A. as the borrower of a loan for US$13.8 million granted by Banco Hipotecario S.A. and BACS Banco de Crédito y Securitización S.A. (2017).
-CAPSA S.A. as the borrower of a loan for US$24 million granted by BBVA Banco Francés S.A. (2017).
-CAPSA S.A. as the borrower of a loan for US$15 million granted by Banco Macro S.A. (2017).
-Central Térmica Loma de La Lata S.A. as the borrower and Pampa Energía S.A. as guarantor in an export prefinancing of US$54 million granted by Credit Agricole Corporate and Investment Bank (2017).
-Greenwind, a joint venture of Pampa Energía and the private equity fund Castlelake, with Pampa Energía as guarantor for a loan of US$104 million granted by IIC, Santander, and ICBC for the construction of the El Corti wind farm under the RenovAr program (2017).
-Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) as the borrower of a loan for US$50 million granted by Industrial and Commercial Bank of China Dubai (2017).
-The administrative agent and the organizers and lenders in connection with the local aspects of the multi-currency renewable credit line of Atento Luxco 1 S.A. for $50 million, guaranteed by certain subsidiaries of Atento, including Atento Argentina S.A., and secured by shares of those entities (2017).
-Albanesi Energía S.A. in relation to the syndicated loan granted by UBS AG, Stamford Branch for the development, construction, implementation, and operation of a 200 MW power generation plant in Timbúes, Province of Santa Fe (2016-2017).
-Pampa Energía S.A. as borrower, in relation to a syndicated loan in the amount of US$450 million and AR$2.25 billion granted by Deutsche Bank AG, London Branch, Citibank N.A., Citibank N.A., Argentine Branch, Credit Agricole Corporate and Investment Bank, Banco de Galicia y Buenos Aires S.A., Banco Hipotecario S.A., and Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch to finance the acquisition of Petrobras Argentina S.A. (2016).
-Generación Mediterránea S.A., Generación Independencia S.A., and Generación Riojana S.A. as borrowers, and Albanesi S.A. as guarantor for a loan granted by BAF Latam Trade Finance Fund B.V., for the construction, operation, and maintenance of Central Térmica Independencia and working capital (2016).
-Petrolera Pampa S.A., as borrower, regarding a loan for US$120 million granted by Banco Santander Río S.A. (2016).
-Pampa Energía S.A., as borrower, regarding a loan for US$140 million granted by YPF S.A. in relation to the exploitation of rights over the Río Neuquén area (2016).
-Petrolera Pampa S.A. in relation to the syndicated loan of AR$765 million granted by Industrial and Commercial Bank of China (Argentina) S.A., Citibank N.A. branch established in Argentina, Banco Hipotecario S.A., and BACS Banco de Crédito y Securitización S.A. (2015).
-Banco Itaú Argentina S.A., as administrative agent and lender, and Banco Hipotecario S.A., Banco de Galicia y Buenos Aires S.A., Nuevo Banco de Entre Ríos S.A., and Banco de San Juan S.A. as lenders, for the granting of a syndicated loan of AR$350 million to Nidera S.A., a company dedicated to the production, marketing, and export of agricultural raw materials and services (2015).
-Industrial and Commercial Bank of China (Argentina) S.A., as organizer, administrative agent, and lender; Banco Hipotecario S.A., as organizer and lender; and BACS Banco de Crédito y Securitización S.A., as organizer, for the granting of a syndicated loan of AR$240 million to Genneia S.A., a company dedicated to electricity generation (2015).
-Banco de Servicios y Transacciones S.A., as organizer, administrative agent, and lender of a syndicated loan of AR$110 million granted to Cordial Compañía Financiera S.A. (a subsidiary of Banco Supervielle S.A. dedicated to providing consumer loans) by Banco de Servicios y Transacciones S.A., Banco de la Ciudad de Buenos Aires, BACS Banco de Crédito y Securitización S.A., Banco Mariva S.A., Banco Industrial S.A., Banco Sáenz S.A., and Banco Meridian S.A. (2015).
-Banco de Servicios y Transacciones S.A., as organizer, administrative agent, and lender of a syndicated loan of AR$44 million granted to Rafael G. Albanesi S.A. (a company dedicated to the production and marketing of energy and fuels) by Banco de Servicios y Transacciones S.A., Banco de la Provincia de Córdoba S.A., Banco Provincia del Neuquén S.A., Banco Sáenz S.A., and Banco Voii S.A., and as trustee of the assignment of cash flows resulting from a natural gas sales contract executed as collateral for the debt (2015).
-Central Térmica Loma de la Lata S.A. as borrower, concerning the loan of AR$450 million granted by the branch of Citibank N.A. established in the Argentine Republic, Industrial and Commercial Bank of China (Argentina) S.A., Banco Hipotecario S.A., and BACS Banco de Crédito y Securitización S.A., and Pampa Energía S.A. regarding the guarantee provided for the payment of this credit (2014).
-Industrial and Commercial Bank of China (Argentina) S.A. and Banco Itaú Argentina S.A., as organizers of the modified syndicated loan of AR$90 million to Generación Mediterránea S.A. (a company dedicated to the generation and sale of electricity) guaranteed by its controlling shareholder Albanesi S.A., granted by these banks, Banco de la Ciudad de Buenos Aires, Banco de la Nación Argentina, Banco de la Provincia de Córdoba S.A., Banco del Chubut S.A., and Banco Hipotecario S.A. (2014).
-Central Térmica Loma de la Lata S.A. as borrower, concerning the loan of AR$73 million granted by the branch of Citibank N.A. established in the Argentine Republic, and Pampa Energía S.A. regarding the guarantee provided for the payment of this credit (2013).
-Central Térmica Güemes S.A. as borrower, concerning the loan of AR$157 million granted by Banco Hipotecario S.A., Banco Santander Rio S.A., the branch of Citibank N.A. established in the Argentine Republic, and Standard Bank Argentina S.A. (2013).
-Pampa Energía S.A. and its subsidiary Central Térmica Loma de la Lata S.A., regarding the loan of AR$110 million granted by the branch of Citibank N.A. established in the Argentine Republic (2012).
-Overseas Private Investment Corporation and Inter-American Development Bank (IDB), as creditors, in a secured loan to Plaza Logística S.R.L. and Plaza Tomtur S.A., for US$30 million (2012).
-Banco de Servicio y Transacciones S.A., in its capacity as trustee, regarding the secured financing granted to Central Térmica Roca S.A. by a banking syndicate composed of Credit Suisse International, Standard Bank Argentina S.A., Banco Itaú Argentina S.A., and Banco de la Ciudad de Buenos Aires, for US$30 million and AR$85 million (2012).
-Pampa Inversiones S.A., concerning the secured loan of US$90 million granted by Citibank International Plc. and Standard Bank Plc., and Pampa Energía S.A. regarding the guarantee provided as one of the collateral for the payment of this credit (2011-2012).
-Overseas Private Investment Corporation, as creditor, in providing a secured loan to Plaza Logística S.R.L. for US$10 million (2011).
-Central Térmica Loma de la Lata S.A. as borrower and its controlling shareholder Pampa Energía S.A. as guarantor, concerning the secured syndicated loan of US$205 million incurred to finance the project to convert an open cycle electricity generation unit into a combined cycle plant, granted by ABN AMRO Bank N.V. and Standard Bank, Plc. (2008).
This transaction was nominated for the “Deal of the Year 2008” in the “Project Finance” category by IFLR magazine.
Dispute Resolution
Dispute Resolution - Litigation and Arbitration
-Defense of Pampa Energía S.A. in an arbitration case under ICC rules related to investments made in a hydrocarbons area (202-Present).
-Defense of Pampa Energía S.A., Petrolera Pampa S.A., and directors of Pampa Energía S.A. in an arbitration case brought by Consumidores Financieros Asociación Civil against these parties and Petroleo Brasileiro S.A., claiming the payment of US$3.65 billion (2017-Present).
-Arca Continental S.A.B. de C.V. in an administrative proceeding initiated by the tax authorities of the Province of Formosa (2016-Present).
-Defense of Empresa Distribuidora y Comercializadora Norte S.A. – Edenor in an administrative proceeding before the Comisión Nacional de Defensa de la Competencia (2016-Present).
-Defense of Metrogas S.A. in a damages lawsuit brought by Transportadora de Gas del Norte S.A. regarding the termination of a gas transportation contract (2015-Present).
-Defense of Orígenes Seguros de Vida S.A. in a class action lawsuit brought by the Asociación de Defensa del Asegurado (ADA) relating to the issuance of coverage certificates and payment of claims in collective life insurance (2015-Present).
-Defense of Metrogas S.A. in judicial proceedings against Transportadora de Gas del Norte S.A. related to the termination of a gas transportation contract (2012-Present).
-Defense of Orígenes Seguros de Retiro S.A. in lawsuits filed against it concerning the unconstitutionality of the economic emergency laws enacted in 2001/2002 regarding the transformation of payment obligations in foreign currency to local currency (2009-Present).
-Metrogas S.A. as the claimant in a declaratory action regarding the consequences of Argentina’s emergency legislation on tariffs under a gas transportation contract with Transportadora de Gas del Norte S.A. (2009-Present).
-Defense of Pampa Energía S.A. in an arbitration case brought by minority shareholders of Petrobras Argentina S.A. questioning the exchange ratio applied in the merger between the two companies (2017-2021).
-Invertir en Bolsa S.A., as the defendant, in certain legal claims brought by some minority shareholders regarding certain decisions made in shareholder assemblies (202).
-Empresa Distribuidora y Comercializadora Norte S.A. – Edenor in a claim against an insurer and its reinsurers for payment related to the indemnity resulting from the default of the real estate developer Ribera Desarrollos S.A. (2019).
-Ecuador TLC and other Ecuadorian subsidiaries of Pampa Energía S.A. in various conflicts with the Ecuadorian government concerning asset expropriation, tax claims, and revocation or violation of contracts (2019).
-Pampa Energía S.A. (absorbing Inversora Ingentis S.A.) in an arbitration case against Petrominera Chubut S.E., a company controlled by the Province of Chubut, which owes part of the price for shares (2015-2019).
-Defense of SACDE Sociedad Argentina de Construcción y Desarrollo Estratégico S.A. in a damages lawsuit for US$8 million filed by YPF S.A. (2017-2018).
-Metrogas S.A. as the claimant in an arbitration proceeding for damages against Total Austral S.A., Pan American Energy LLC Argentina Branch, and Wintershall Energía S.A. regarding a gas supply contract (2013-2018).
-Defense of IEASA S.A. in the arbitration procedure initiated by EDF International S.A.S. before the International Court of Arbitration of the International Chamber of Commerce (2013-2016).
-Advising Central Térmica Loma de la Lata S.A. regarding the execution alternatives for a favorable award issued in an international arbitration against Isolux S.A. (2015).
-Sur Capital Advisors S.A., as the claimant, in an action against the potential seller of one of Argentina’s leading wineries, for the collection of fees and expenses (2015).
-Giesso S.A. in the action of unconstitutionality regarding the regulations that impose the prior submission and approval of an Import Declaration (DJAI) as a requirement for the importation of goods (2014).
-New Arrecife S.A. (Reef) in the action of unconstitutionality regarding the regulations that impose the prior submission and approval of an Import Declaration (DJAI) as a requirement for the importation of goods (2014).
-Defense of HSBC Bank Argentina S.A. in the arbitration proceedings initiated in the context of the Electronic Open Market by Bank of America N.A. Buenos Aires Branch and the Citibank N.A. Branch established in the Argentine Republic (2012).
-Defense of Mercedes Benz Compañía Financiera Argentina S.A. (formerly known as DaimlerChrysler Compañía Financiera S.A.) and various former executives of the entity in the judicial appeal against the punitive resolution applied in an administrative summary initiated by the Central Bank of the Argentine Republic (2011-2012).
-Advising (i) AEI (initially) on issues related to Argentine law involved in the cross-litigation with Compañía de Inversiones en Energía S.A. (CIESA) and its shareholders Petrobras Argentina S.A. and Petrobras Hispano Argentina S.A. regarding the collection of unpaid financial debt incurred by CIESA for approximately US$ 320 million, and (ii) Pampa Energía S.A. (subsequently and as an assignee of AEI’s rights) in negotiations with CIESA and Petrobras that concluded with a settlement agreement (201-2012).
This transaction was awarded “Deal of the Year 2012” in the “Disputes” category by Latin Lawyer magazine.
-Defense of BBVA Banco Francés S.A. in the class action promoted against it by Consumidores Financieros Asociación Civil concerning fixed-term deposit interest in dollars (201-2012).
-Pampa Energía S.A. in the acquisition of rights over the arbitration claim initiated by Ponderosa Assets L.P. and Enron Creditors Recovery Corp against the Argentine Republic before the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank (2011).
Debt Restructuring and Insolvency
Debt Restructuring and Insolvency - Transactions
-Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and UBS Securities LLC, as dealer managers and solicitation agents, along with Banco de Servicios y Transacciones S.A., SBS Trading S.A., and Sociedad de Bolsa Centaurus S.A., as local placement agents, regarding the exchange offer and consent solicitation by Generación Mediterránea S.A. and Central Térmica Roca S.A. on certain negotiable obligations and other existing debts, and the issuance of Class X negotiable obligations for US$325,395,255 (2021).
-Bank of America and Citigroup, as dealer managers, in the successful debt restructuring of the Province of Buenos Aires amounting to over US$7 billion (2021).
-HSBC Securities (USA) and J.P. Morgan Securities LLC, as consent solicitation agents, in the debt restructuring of the Province of Córdoba amounting to over US$1.669 billion (2021).
-Albanesi Energía S.A., as borrower, in the restructuring of a loan for financing the construction of a power generation plant for US$175 million (2021).
-Faroy S.A., a Uruguayan real estate developer, in its exchange offer of its unpaid guaranteed senior negotiable obligations of US$13 million due in 202 for new guaranteed senior negotiable obligations maturing in 2033 as part of its extrajudicial creditor arrangement (2021).
-Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and BCP Securities LLC, as dealer managers in the exchange offer by Banco Hipotecario S.A. of outstanding negotiable obligations totaling US$130.5 million and the offer of new negotiable obligations for US$78.3 million (2020).
-Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and Generación Mediterránea S.A. and Central Térmica Roca S.A., as consent agents, in the successful amendment process of the terms and conditions of Class II negotiable obligations co-issued in 2009 by Generación Mediterránea S.A. and Central Térmica Roca S.A. for a total amount of US$80 million (202).
-Credit Suisse Securities (USA) LLC and AdCap Securities, as dealer managers, in the successful debt restructuring of the Province of Mendoza amounting to US$590 million (202).
-Empresa Distribuidora y Comercializadora Norte S.A. – Edenor as a creditor in the preventive insolvency proceeding of the real estate developer Ribera Desarrollos S.A., where it is part of the Creditors’ Committee and verified a claim of approximately US$50 million (2019).
-Banco Macro S.A. as a creditor in promoting a bankruptcy petition against Molino Cañuelas S.A.C.I.F.I.A. due to non-payment of a credit of approximately US$10 million (2019).
-Orígenes Seguros de Retiro S.A. in promoting precautionary measures and collection actions regarding the collection of unpaid bonds issued by Industrias Metalúrgicas Pescarmona S.A.I.C. (2017).
-Emegé S.A. in its preventive insolvency proceeding (2015-2017).
-Continental Energy Investment LLC, Amanda Venture LLC, Coolbrand LLC, and Latam Energy LLC, financial creditors of Gas Argentino S.A. (debt holders totaling approximately US$110 million), in the preventive insolvency of said company (2009-2013).
-Deutsche Bank, N.A., as the leader of a creditors’ committee in the restructuring of the financial debt of Transportadora de Gas del Norte S.A. (TGN) (2009-2012).
-Banco Macro S.A. as a creditor in the preventive insolvency proceeding of Fibra Papelera S.A., where it verified a claim of approximately US$10.5 million (201-2012).
-Deutsche Bank AG (London Branch) and Standard Bank Plc as creditors in the preventive insolvency of Metrogas S.A., where they verified claims of approximately US$25 million and US$62 million, respectively (201-2012).
-Socotherm Américas S.A. and Socotherm SpA in the rescheduling of the debt of Socotherm Américas S.A. with a syndicate of banks including Banco Comafi S.A., Banco Itaú Argentina S.A., Banco Macro S.A., Banco Santander Río S.A., BNP Paribas Sucursal Buenos Aires, HSBC Bank Argentina S.A., Standard Bank Argentina S.A., and Citibank N.A. established in Argentina (2011).
-Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in its exchange and/or buyback offer of US$122.6 million of outstanding negotiable obligations and the offer of new negotiable obligations totaling US$90.3 million (201).
-Bank of America Securities LLC as the leader of a creditors’ committee in the corporate debt restructuring of Mastellone Hermanos S.A. (2009).
-Unión Argentina de Rugby (UAR) in its preventive insolvency proceeding (2006-2009).
-A creditor syndicate led by JPMorgan Chase Bank in the corporate debt restructuring of Central Puerto S.A. (2008).
-Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) in the process of restructuring its financial debt through a preventive extrajudicial agreement involving an exchange offer of US$534 million in outstanding negotiable obligations and other financial instruments for new negotiable obligations and cash payments (2006).
-Electricidad Argentina S.A. (EASA) (holding company of Edenor) in the process of restructuring its financial debt through a preventive extrajudicial agreement involving an exchange offer of US$117.4 million in outstanding securities and other financial instruments for new negotiable obligations and cash payments (2006).
-A creditor syndicate led by Citibank, N.A., BankBoston, GE, and IDB in the corporate debt restructuring of Transportadora de Gas del Sur S.A. (TGS) for an amount of US$350 million (2004-2006).
-Fintech Advisory Ltd. and other members of the Ad Hoc Committee of Creditors of Telecom Argentina S.A. in the process of restructuring its financial debt through a preventive extrajudicial agreement involving the exchange of debt for new securities and cash payments (the largest private debt restructuring in Argentina, involving approximately US$3 billion) (2004-2005).
-Bank of America Corporation and its affiliates Blue Ridge Investments LLC and Nations Argentina S.A. as (i) secured creditors in the preventive insolvency proceedings (subsequently bankruptcies) of Compañía de Indumentaria S.A. (CISA) and Minnetonka S.A., and (ii) defendants in the bankruptcy extension action brought against them (200-2005).