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2021New DealBruchou advised Grupo Albanesi in the offering of US$83.2 million Class XI Notes and Class XII Notes

November 19, 2021
Bruchou, Fernández Madero & Lombardi acted as legal counsel in the public offering of US$38.6 million Class XI Notes due November 12, 2024 and Class XII Notes for 48.1 million UVAs (Unidades de Valor Adquisitivo) due November 12, 2024 issued by Generación Mediterránea S.A. and Central Térmica Roca S.A. (Grupo Albanesi) under their US$700 million Global Notes Program.

Class XI has a fixed annual nominal rate equivalent to 6%, and Class XII has a fixed annual nominal rate equivalent to 4.6%.

A portion of Class XI Notes were issued in exchange of:

  • Class V Notes issued by Generación Mediterránea S.A. and Central Térmica Roca S.A. on November 27, 2020 for US$ 14,369,484;
  • Class VII Notes issued by Generación Mediterránea S.A. and Central Térmica Roca S.A. on March 11, 2021 for US$7,707,573; and
  • Class VIII Notes issued by Generación Mediterránea S.A. and Central Térmica Roca S.A. on March 11, 2021 for 41,936,497 UVAs.

Bruchou acted as legal counsel to SBS Capital S.A. and Banco de Servicios y Transacciones S.A. acted as arrangers; and SBS Trading S.A., Banco de Servicios y Transacciones S.A., Facimex Valores S.A., Banco Hipotecario S.A., Balanz Capital Valores S.A.U., Sociedad de Bolsa Centaurus S.A., AdCap Securities Argentina S.A., BACS Banco de Crédito y Securitización S.A., Banco de la Provincia de Buenos Aires, Macro Securities S.A., Allaria Ledesma & Cía. S.A. and Banco Supervielle S.A. acted as placement agents of Class XI Notes and Class XII Notes.

The Class XI Notes are denominated in U.S. dollars and payable in Argentine pesos and the Class XII Notes are denominated in UVAs and payable in Argentine pesos.

Legal advisors of arrangers and placement agents:

Partner Bazán, José María and associates Belusci, Leandro Exequiel, Dorado, Lucila, Severo, Julieta and Pereyra Pagiari, Sebastián.

Other relevant transactions in which we participate

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Ing. Enrique Butty 275, Piso 12. C1001AFA, Buenos Aires, Argentina.
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