BLC and TCA assist in first issue of Rowing Notes
BLC Legal has assisted Rowing and Tanoira Cassagne Abogados the arrangers, underwriters and guarantors, in the issuance of its Series I Notes.
The Notes were denominated and payable in pesos, maturing on 30 July 2025, for a total amount of $9,300,000,000,000, issued at a variable rate composed of the Private BADLAR rate plus a cut-off margin of 3.90%.
Banco de Galicia y Buenos Aires, Banco Supervielle and Banco BBVA Argentina acted as arrangers, underwriters and guarantors; while Allaria acted as arranger and underwriter; PP Inversiones and Alfy Inversiones as underwriters; and Argenpymes as guarantor.
Rowing is a company specialised in works and in the provision of maintenance and other services in electricity, telecommunications, gas, water and sewage infrastructure networks for public and/or private clients. In addition, Rowing provides services to city infrastructures, such as: work and maintenance of traffic light and lighting systems, maintenance of drains and their trunk networks, water mirrors and their banks.
BLC’s team consisted of partner María Florencia Brovida (pictured left) and associates Javier Alegre Zorraquín and Vanina Martini.
TCA’s team consisted of partners Alexia Rosenthal (pictured centre) and Jaime Uranga (pictured right), and associates Federico y Grieben and Juan Francisco Tineo.
