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News & Analysis

Argentina: MSU Energy S.A. makes Exchange Offer and new offering of Senior Secured Notes for US$ 400,000,000

20 December 2024 by Bruchou & Funes de Rioja - Argentina

Tavarone, Rovelli, Salim & Miani advised MSU Energy S.A. (“MSU Energy”) on the issuance of its 9.750% Senior Secured Notes due 2030 for an aggregate principal amount of US$400,000,000, where MSU Energy acted as issuer (the “Issuer”).
News & Analysis

Argentina: FMO, FINDEV and PROPARCO granted financing to Genneia S.A. for up to US$ 100,000,000 for the development and construction of two solar farms in the Province of Mendoza, Argentina

21 November 2024 by Bruchou & Funes de Rioja - Argentina

Nederlandse Financierings - Maatschappij voor Ontwikkelingslanden N.V. ("FMO"), Development Finance Institute Canada (DFIC) Inc. ("FINDEV") and Société de Promotion et de Participation pour la Coopération Économique S.A. (“PROPARCO”) granted financing to Genneia S.A. (“Genneia”), leading Argentine company specialized in providing sustainable energy solutions, for up to US$ 100,000,000 from for the development and construction of two solar farms located in Malargüe and Luján de Cuyo, Province of Mendoza, Argentina, with a total output of 270 MW of combined generation capacity (the “Secured Loan”).
News & Analysis

Argentina: TCA Tanoira Cassagne and Bruchou & Funes de Rioja advised in the first Notes issuance of a mining company in the Argentine capital market

21 November 2024 by Bruchou & Funes de Rioja - Argentina

TCA Tanoira Cassagne (“TCA”) advised Minera Exar S.A., and Bruchou & Funes de Rioja advised Banco Santander Argentina S.A., Industrial and Commercial Bank of China (Argentina) S.A.U., Banco de Galicia y Buenos Aires S.A.U., Banco BBVA Argentina S.A., Macro Securities S.A.U., Banco Mariva S.A., Banco Supervielle S.A., Balanz Capital Valores S.A.U., Puente Hnos S.A., Allaria S.A., Invertironline S.A.U., TPCG Valores S.A.U., Global Valores S.A., Max Capital S.A., Neix S.A., Banco Comafi S.A. and Cohen S.A. as placement agents, in the issuance of Series I Notes for a nominal amount of US$50,000,000, at a 8.00% rate denominated and payable in US Dollars in Argentina, maturing on November 11th, 2027.
News & Analysis

Argentina: Cleary Gottlieb Steen & Hamilton LLP; Bruchou & Funes de Rioja and Milbank LLP; TCA Tanoira Cassagne acted as advisors in YPF’s International Notes Issuance.

11 September 2024 by Bruchou & Funes de Rioja - Argentina

On September 11, 2024 YPF S.A. (“YPF”), a company dedicated to the exploitation of hydrocarbon products and their derivatives in Argentina, issued its 8,750% senior notes due 2031, for an aggregate principal amount of US$500,000,000, under the frequent issuer regime from the Argentine Securities Commission (Comisión Nacional de Valores).

News & Analysis

Argentina: Cleary Gottlieb Steen & Hamilton LLP; Bruchou & Funes de Rioja and Milbank LLP; TCA Tanoira Cassagne acted as advisors in YPF’s Tender Offer for Cash for Any and All of its 8.75% Senior Amortizing Notes due 2024

27 February 2024 by Bruchou & Funes de Rioja - Argentina

On February 6, 2024 YPF S.A. (“YPF”), the principal Argentinian company dedicated to the exploitation of hydrocarbon products and their derivatives in Argentina, announced the expiration and final results of its cash tender offer (the “Tender Offer”) for any and all of its outstanding US$346,313,047.20 aggregate principal amount of 8.75% Senior Amortizing Notes due 2024 (the “Securities”).