Multiple firms act as legal advisors in Banco Macro’s notes issuance

Bruchou & Funes de Rioja, Linklaters acted as legal counsel to Banco Macro, while Salaverri, Burgio & Wetzler Malbrán and Simpson Thacher & Bartlett advised the underwriters in the issuance of US$400 million in 8.000% senior unsecured notes due 2029.

The transaction was executed under Banco Macro’s US$1.5 billion Global Medium-Term Note Program and was placed simultaneously in the local and international markets. The Notes will mature on June 23, 2029 and bear interest at a fixed nominal annual rate of 8.000%. Interest will be payable semi-annually in arrears, commencing on December 23, 2025, until the Maturity Date.

The principal amount of the notes will be repaid in full at 100.000% of their nominal value, plus accrued and unpaid interest, on the Maturity Date.

The transaction was carried out by Rule 144A and Regulation S of the U.S. Securities Act of 1933. The notes have been admitted for listing on the Bolsas y Mercados Argentinos and admitted for trading on the A3 Mercados.

Bank of America Securities and J.P. Morgan Securities acted as initial purchasers while Macro Securities, Balanz Capital Valores, and Latin Securities acted as local placement agents for the Notes. The Bank of New York Mellon acted as trustee, co-registrar, principal paying agent, and transfer agent under the indenture entered into with Banco Macro, with Banco Santander Argentina acting as Argentine representative of the trustee, Argentine registrar, Argentine paying agent, and transfer agent.

Bruchou & Funes de Rioja acted as local legal counsel to Banco Macro through its team led by partners Hugo Nicolás Bruzone (pictured left) and José María Bazán, and associates Ramón Augusto Poliche, Sofía Maselli, Lucía De Luca, and Francisco Mendioroz.

Linklaters acted as New York legal counsel through its team led by partners Matthew Poulter (pictured center left) and Emilio Minvielle, and associates Madelein Blehaut, Thomas Tiphaine Koffman, Thomas Lemouche, and Juan Ignacio Itzaina. Banco Macro was internally advised by Rodrigo Covello, Ernesto López, and Valeria López Marti as in-house counsel.

Salaverri, Burgio & Wetzler Malbrán acted as local legal counsel to the initial purchasers through its team led by partners Roberto Lizondo (pictured center right) and Josefina Ryberg, and associates Santiago Linares Luque, Rodrigo Durán Libaak, José María Martín, and Carolina Naguelquin.

Simpson Thatcher & Bartlett acted as New York legal counsel through its team led by partners Juan Naveira (pictured right) and Jonathan Cantor, and associates Begoña Rodriguez, Jiha Min and Kirsten Davis.