Salaverri and Bruchou act in new issue of Pampa Energía Notes
Salaverri Burgio & Wetzler Malbrán has advised Pampa Energía, and Bruchou & Funes de Rioja the underwriters, in the placement and issuance in the local capital market of the class 20 Notes.
The Notes were issued on 26 March, at a fixed annual nominal rate of 6.00%, for a nominal value of US$ 55,171,308, maturing on 26 March 2026, denominated, subscribed, integrated and payable in dollars, abroad. The Notes will also be redeemed in a single instalment on the maturity date.
The issuance was made under the Simple Negotiable Obligations Programme (Non Convertible into Shares) and/or Negotiable Obligations Convertible into Shares for up to V/N US$ 1,400,000,000,000 (or its equivalent in other currencies or units of value).
The Notes have been admitted for listing on the Argentine Stock Exchanges and Markets and authorised for trading on the Electronic Open Market and rated on 19 March locally by FIX SCR Risk Rating Agent as “AA+(arg)” with stable outlook.
Banco Santander Argentina, Industrial and Commercial Bank of China (Argentina), Banco de Galicia y Buenos Aires, Cocos Capital, Banco Patagonia, Banco de Servicios y Transacciones, Banco de la Provincia de Buenos Aires, ADCAP Securities Argentina, Allaria, Banco Mariva, BACS Banco de Crédito y Securitización, Banco Hipotecario, Banco BBVA Argentina, Balanz Capital Valores, SBS Trading and Banco de la Provincia de Córdoba acted as underwriters.
Pampa Energía is an independent and integrated energy company in Argentina, with participation in the electricity and gas value chains.
María Agustina Montes, Maite Zornoza, Juan Manuel Recio and Camila Mindlin acted as in-house lawyers, and Adolfo Zuberbuhler, Débora Tortosa Chavez and Julieta Castagna acted as in-house financial advisors to Pampa Energía.
Salaverri’s team included partner Roberto Lizondo (pictured left) and associates Delfina Meccia, Santiago Linares Luque and Jorge Antonio Carreras.
Bruchou’s team was led by partner José María Bazán (pictured right), with support from associates Leandro Exequiel Belusci, Agustín Caputo and Melina Signorello.
