José Bazán and José Martínez de Hoz

Bruchou and MHR act on loan to AES Argentina

Bruchou & Funes de Rioja has advised AES Argentina Generación (AES Argentina), and Martínez de Hoz & Rueda advised a syndicate of banks, in the granting of a syndicated loan in the amount of $49,413,000,000 equivalent to USD $60,000,000,000 under Argentine law.

This transaction was closed on 29 January.

The syndicate consisted of Banco de Galicia y Buenos Aires and Banco Santander Argentina, as arrangers and banks; Industrial and Commercial Bank of China (Argentina), as arranger and hedging provider; and Banco de Galicia y Buenos Aires, as administrative agent.

AES Argentina Generación is one of Argentina’s leading private sector power generators.

In-house counsel participating in the transaction were: Iván Durontó and Paula Capparelli for AES Argentina; Fiorella Paola Ascenso Sanabria for Banco Galicia; Cecilia Ramos for Santander Argentina; and Tomás Koch and Sonia Lannutti for ICBC Argentina.

Bruchou’s team was led by partner José Bazán (pictured left), with support from associates Josefina Mortola Saiach and Facundo Suarez Lon.

MHR’s team included partner José Martínez de Hoz (pictured right) and associate Luisina Luchini.

L Giselle Estrada