Bruchou, Fernández, Madero & Lombardi has assisted in the creation of a trust securities programme and an issuance of a Supercanal trust
Bruchou, Fernández Madero & Lombardi has advised on the creation of the “SUPERCANAL” Global Trust Securities Programme and on the recent issuance and placement by public offering in Argentina of $200,000,000 Class A Trust Debt Securities and $800,000,000 Class B Trust Debt Securities under the “Supercanal I” Financial Trust, under the “SUPERCANAL” Global Trust Securities Programme for a nominal value of up to $30,000,000 US dollars.
The National Securities Commission authorised the public offering of the Trust Debt Securities on 10 February 2022 and the securities were issued on 7 April 2022. Moody’s Local AR ACR rated the Class A Trust Debt Securities as ”A+.ar (sf)”, and the Class B as ”A.ar (sf)”.
Supercanal, a leading cable television service provider, acted as trustee and manager; TMF Trust Company (Argentina) acted as financial trustee; and Adcap Securities Argentina and Global Valores acted as arrangers and underwriters.
Bruchou’s team was led by partner José María Bazán (pictured), with support from associates Manuel Etchevehere and Delfina Calderale.