IFLR 1000
The Guide to the World's Leading Financial Law Firms

Last year Mitrani Caballero Rosso Alba Francia Ojam & Ruiz Moreno advised Ternium Mexico in a partial refinancing of a $3.5 billion syndicated loan facility, allowing the Mexican steel manufacturer access to free cash for other purposes. Mitrani also counselled the Netherlands Development Finance Company as it granted a secured credit facility to Banco De Galicia, enabling the private financial institution to provide long-term financing to Argentine borrowers. Moreover, the firm also helped Siderca, an Argentine steel tube manufacturer, with a $65 million export financing facility from BBVA Banco, Banco Santander Río, and HSBC Bank Argentina.

One competitor labels Cristian Mitrani of Mitrani Caballero Rosso Alba Francia Ojam & Ruiz Moreno as being "one of the best business lawyers in Argentina." The firm advised British Petroleum (BP) when it agreed to sell its 60% in Pan American Energy (PAE) to Bridas Corporation for $7.06 billion. The deal's terms required Bridas Corporation to make a $3.53 billion cash deposit, with payment of the remaining proceeds due upon the sale's completion.

In February 2011, Usinas Siderúrgicas de Minas Gerais (Usiminas) completed a $677 million secondary public offering of American Depositary Shares representing approximately 9.4% of Ternium's share capital. The firm advised Ternium and Techint Investments. As a result of the deal, Usiminas ceased to own any Ternium shares, as the two companies bought the shares concurrently with the closing of the public offering. In a separate matter, the firm also helped Ternium's wholly-owned subsidiary make a capital contribution to Colombia-based Ferrasa.