Salaverri acts in new issue by CPESA
Salaverri Burgio & Wetzler Malbrán has acted as advisor to Crown Point Energía (CPESA) in the issuance of its Class VI Negotiable Obligations denominated, subscribed, integrated and payable in US dollars in Argentina, at a fixed interest rate for a nominal value of US$ 22,000,000.
The issue was made under the framework of its programme for the issuance of simple negotiable obligations (not convertible into shares) for up to US$ 75,000,000.
The Class VI Notes are secured by a pledge on the totality of the credits that CPESA originates for each and every one of the crude oil sales operations from the exploitation of the concessions on the ‘Piedra Clavada’ and ‘Koluel Kaike’ areas located in the Province of Santa Cruz.
BST | Banco de Servicios y Transacciones acted as arranger of the offering, and BST, together with Invertir en Bolsa and Macro Securities, acted as placement agents.
Salaverri’s team was led by partners Roberto Lizondo (pictured left) and Pablo Fernandez Pujadas (pictured right) and associates Rodrigo Durán Libaak, Valentina Grandi and Paula Avruj.
