Marval O’Farrell Mairal has assisted Loma Negra Compañía Industrial Argentina in the issuance of Class 2 Notes at a fixed annual nominal interest rate of 6.50%. Tavarone Rovelli Salim & Miani advised the underwriters.
The issue was made on 21 June, under the framework of its programme for the issuance of simple non-convertible negotiable obligations for up to USD 500,000,000 (or its equivalent in other currencies). The Class 2 Notes mature on 21 December 2025, and were denominated and payable in US dollars for an amount of USD 71,722,774.
Banco de Galicia y Buenos Aires, Banco Santander Argentina, Industrial and Commercial Bank of China (Argentina), Banco Patagonia, Facimex Valores, Buenos Aires Valores, Max Capital, Puente Hnos, Allaria, and Balanz Capital Valores acted as underwriters; while Banco de Galicia y Buenos Aires also acted as settlement agent.
Loma Negra is a cement production and marketing company in Argentina, and will use the proceeds from the placement of the notes to integrate working capital in the country and to refinance short-term liabilities.
Luciano Babuin and Mikaela Badaracco, as well as Guillermo Braun Vedoya and Diego Jalon acted as Loma Negra’s in-house legal and finance team, respectively.
Marval’s team included partner Sergio Tálamo (pictured left) and associate Juan Pablo Lentino.
TRSYM’s team comprised partner Julieta De Ruggiero (pictured right) and associates Eduardo N. Cano, Agustín Ponti and Sebastián Chibán Zamar.