Bomchil and Bruchou assist in the issue of CGC Class 29 Notes
Bomchil has assisted Compañía General de Combustibles (CGC), while Bruchou & Funes de Rioja advised the arrangers and placement agents, in the issuance of the Class 29 Notes for a total amount of US$42,273,005.
The issue was made on January 19, 2023 under the company’s Frequent Issuer Regime, where the Notes were denominated in US dollars, payable in pesos at the applicable exchange rate of 1.00% and will mature in January 2027.
The funds will be used for 75% for investments in physical assets located in the country, and 25% for any of the following purposes: (i) refinancing of liabilities; (ii) integration of working capital in the country; (iii) acquisition of goodwill located in the country; and/or (iv) integration of capital contributions in companies controlled by or related to the Company, the acquisition of shares and/or financing of the commercial line of business of the Company.
Banco de Galicia y Buenos Aires, Industrial and Commercial Bank of China (Argentina) and Banco Santander Argentina acted as arrangers and underwriters. Latin Securities, BACS Banco de Crédito y Securitización, Balanz Capital Valores, Banco Mariva, Banco Hipotecario, Facimex Valores, Banco de la Provincia de Buenos Aires and Banco Patagonia acted as placement agents.
The Notes were authorised for listing on the Buenos Aires Stock Exchange and Markets and for trading on the Electronic Open Market.
Bomchil’s team included partner Fermín Caride (pictured left) and associates Luciano Zanutto, Benjamín Anaya and Delfina Ortega.
Bruchou’s team comprised partner José Bazán (pictured right) and associates Leandro Belusci and Josefina Mortola Saiach.
