Bruchou & Funes de Rioja and TCA Tanoira Cassagne advise Petroquímica Comodoro Rivadavia’s $65 million issuance
Bruchou & Funes de Rioja and TCA Tanoira Cassagne have advised on Petroquímica Comodoro Rivadavia issuance of Class S Notes worth US$65 million under the “Frequent Issuer Simplified Regime” (Régimen de Emisor Frecuente).
Bruchou & Funes de Rioja acted as legal counsel to Petroquímica Comodoro Rivadavia, while TCA Tanoira Cassagne advised the placement agents, which included Banco de Galicia y Buenos Aires, Banco Santander Argentina and Balanz Capital Valores.
The Class S Notes, denominated in US dollars and payable in US dollars in Argentina (Dollar MEP), will mature on February 17, 2031, and carry a fixed interest rate of 8%. The notes have been authorized for listing on Bolsas y Mercados Argentinos and for negotiation on Mercado Abierto Electrónico.
This issuance represents a significant transaction in Argentina’s capital markets, showcasing investor confidence in Petroquímica Comodoro Rivadavia an important player in the country’s petrochemical sector.
The Bruchou & Funes de Rioja team was led by partner José María Bazán (pictured), supported by associates Sebastián Pereyra Pagiari, Pedro Azumendi, and Gonzalo Javier Vilariño. Petroquímica Comodoro Rivadavia’s in-house legal team included Mariano Juarez Goñi, Florencia Fridman, and Anabela Mengoni.
TCA Tanoira Cassagne’s team advising the placement agents was headed by partners Alexia Rosenthal and Rocío Carrica, with support from associates Juan Manuel Simó and Stefania Lo Valvo.
